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profit margin

BethTara

New member
Jun 7, 2019
2
customer buys 10,000 piece with cost of 0.20845 and sell price of 0.33621, what is the margin?
 

skeeter

Well-known member
MHB Math Helper
Mar 1, 2012
642

BethTara

New member
Jun 7, 2019
2
do you mean profit margin?

I sure did mean the Profit margin. I figured it out, I was over thinking the question and making it harder than it actually was....Need to remember SMARTER NOT HARDER

Math is my arch nemesis!!! In my 30s and still use my fingers for + & -
Had to quit college because I couldn't pass intro to college algebra :(
 

HallsofIvy

Well-known member
MHB Math Helper
Jan 29, 2012
1,151
customer buys 10,000 piece with cost of 0.20845 and sell price of 0.33621, what is the margin?
Pretty straight forward, isn't it? If he buys 10,000 "pieces" at 0.20845 each then he paid (10000)(0.20845)= 2084.5. If he sold the 10,000 at 0.33621 each then his income is (10000)(0.33621)= 3362.1. His profit margin is 3362.1- 2084.5= 1277.6.

Another way: buy each item at 0.20845 and selling for 0.33621 he makes a profit of 0.33621- 0.20845= 0.12776. For 10000 pieces, that is a total of 1277.6.
 
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