this post was submitted on 23 Jul 2024
331 points (99.7% liked)

World News

32286 readers
881 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 22 points 3 months ago* (last edited 3 months ago) (2 children)

cough I believe if 40$ means 30% profit, then the cost to produce it is 28$. With the current price of it being 42,250$, this means the profit rate is 42,250$/28$*100%=150,892%.

In words, one hundred fifty thousand percent.

It's insane. Even if I am wrong and it's 3000% or 30,000% profit on a product funded by tax-payer money, it's insane and should be criminal.

[–] [email protected] 7 points 3 months ago* (last edited 3 months ago)

By that logic, the profit on software (which is free to copy) is infinite. You need to look at revenues minus costs for the whole company, not for the specific act of manufacturing a pill.

[–] [email protected] 3 points 3 months ago* (last edited 3 months ago)

Yeah, I wasn't really paying that much attention, and went off of OP reply's 30 x 1000 and then missed out a zero lol

But yeah, it only gets more despicable the more accurate the numbers are..