• SailorMoss
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    1 year ago

    Profit = revenue - cost

    So if you put in $1 and got back $2 that’s 100% profit. 1000% profit would mean you put in $1 and got back $11.

      • SailorMoss
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        1 year ago

        $1(Cost) - $11(Revenue) = $10(Profit)

        $1(Cost) / $10(Profit) = 10 or 1000%

        It’s $11 because you have to cover cost and then make 10x on top of that.