Re: [BaadAssGremlins] Impossible to make 300 % profit

[Davis Martin <martin-davis@xxxx>]

I bought a 73 AMX for 25 bucks and sold it for 750 bucks is that getting close to 300 % profit? LOL

 Davis

Onree <onree@xxxx> wrote:

> It is not possible to make 300 % profit. Profit can never exceed 100% and
> profit percentage is defined as markup divided by selling price. Thus, if I
> buy a carburetor for $10 and mark it up by $30 to sell it for $40, I have
> made a profit of 75%. If I sell it for $20, I make a profit of only 50%.
>
> The only way to even make 100% profit is if something costs you nothing. If
> I find a carburetor lying in the street, and sell it for $20, or $40, or
> $66, or $2955, my profit percentage is the same, 100% because the selling
> price, whatever it may be, is all markup.
>
> It is sure possible to have a 300% markup, but that is not the same as 300%
> profit.
>
> Onree
>
> > on 9/1/04 5:39 AM, AMC74HORNET@xxxx at AMC74HORNET@xxxx did write:
>
> > He probably got these parts for next to
> > nothing and is trying to make 300% profit.
> >
> "Doc"
> > 
> > 
>
>
>
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