Originally Posted By: Gunflint Charlie
Ithacaman - Profit is the amount of your revenue that exceeds your expense. Profit here is calculated based on what you sell for. If you pay $50, sell for $100 (100% markup), your profit is $50 -- 50% of your revenue.


And your markup is 100%. Markup is gross profit dollars divided by cost dollars (GP$/C$).

Best,

Mike


I am glad to be here.