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- From: Davis Martin <martin-davis@xxxx>
- Date: Thu, 2 Sep 2004 01:31:45 -0700 (PDT)
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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<DIV>I bought a 73 AMX for 25 bucks and sold it for 750 bucks is that getting close to 300 % profit? LOL </DIV>
<DIV> Davis <BR><BR><B><I>Onree <onree@xxxx></I></B> wrote:</DIV>
<BLOCKQUOTE class=replbq style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #1010ff 2px solid"><BR>It is not possible to make 300 % profit. Profit can never exceed 100% and<BR>profit percentage is defined as markup divided by selling price. Thus, if I<BR>buy a carburetor for $10 and mark it up by $30 to sell it for $40, I have<BR>made a profit of 75%. If I sell it for $20, I make a profit of only 50%.<BR><BR>The only way to even make 100% profit is if something costs you nothing. If<BR>I find a carburetor lying in the street, and sell it for $20, or $40, or<BR>$66, or $2955, my profit percentage is the same, 100% because the selling<BR>price, whatever it may be, is all markup.<BR><BR>It is sure possible to have a 300% markup, but that is not the same as 300%<BR>profit.<BR><BR>Onree<BR><BR>> on 9/1/04 5:39 AM, AMC74HORNET@xxxx at AMC74HORNET@xxxx did write:<BR><BR>> He probably got these parts for next to<BR>> nothing and is trying to make 300% profit.
<BR>>
"Doc"<BR>> <BR>> <BR><BR><BR><BR>------------------------ Yahoo! Groups Sponsor --------------------~--> <BR>Yahoo! Autos. Everything you need to know about buying <BR>or selling a car. FREE Quotes, 360° Tours, Research,<BR>Blue Book, Compare Vehicles, Buy Used<BR>http://us.click.yahoo.com/kEZsdA/bwnGAA/YiGOAA/YtqqlB/TM<BR>--------------------------------------------------------------------~-> <BR><BR><BR>Yahoo! Groups Links<BR><BR><*> To visit your group on the web, go to:<BR>http://groups.yahoo.com/group/BaadAssGremlins/<BR><BR><*> To unsubscribe from this group, send an email to:<BR>BaadAssGremlins-unsubscribe@xxxxxxxxxxxxxxx<BR><BR><*> Your use of Yahoo! Groups is subject to:<BR>http://docs.yahoo.com/info/terms/<BR><BR><BR><BR><BR></BLOCKQUOTE>
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