this post was submitted on 19 Aug 2023
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[–] SailorMoss 5 points 2 years ago (1 children)

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.

[–] baked_tea 1 points 2 years ago (1 children)
[–] SailorMoss 2 points 2 years ago* (last edited 2 years 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.