2 ms·
> it will cost you 1 BTC to produce, market, and sell a single widget, and that it is only worth your effort if you can sell each widget for 2 BTC, a handsome 1
by n00b101 13y ago
> it will cost you 1 BTC to produce, market, and sell a single widget, and that it is only worth your effort if you can sell each widget for 2 BTC, a handsome 100% margin.
That's a 50% profit margin, not 100%.
profit margin = 1 - cost/revenue = 1 - 1/2 = 0.5