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Re: 14' Aluminum boat just rolled out of the yard.........

By: micro in 6TH POPE | Recommend this post (0)
Tue, 14 Jul 20 2:48 PM | 45 view(s)
Boardmark this board | 6th Edition Pope Board

Msg. 03326 of 60014
(This msg. is a reply to 03321 by capt_nemo)
Jump:

GM Captain.

Allow me to help you with a simple way of knowing this from now on without a calculator.

Take the amount it cost you. IN this case $400.
Then take the amount you sold it for. $1,000.

Subtract your cost from your sale price. $600.

Divide the amount of profit by the cost.

600 divided by 400 equals 1.50 or 150% You don't need a calculator my friend.. When we do not do things like this for long spands of time in our lives we all tend to forget so that is understandable. I just showed you a simple method you can do in your head from now on...

A refresher if you will..

That is a GREAT profit margin by the way... Congrats big time sir!!

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The above is a reply to the following message:

Re: 14' Aluminum boat just rolled out of the yard......... By: capt_nemo in 6TH POPE Tue, 14 Jul 20 4:27 AM	Msg. 03321 of 60014
I was wrong I made 150% profit.........cost $400, sold $1000.. 60% profit margin. I had to find a profit calculator LOL

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