this post was submitted on 21 Dec 2024
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A Boring Dystopia

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[–] [email protected] 2 points 1 day ago (1 children)

First up, I want to say that your point is clear, even without this correction, but...

That's not how percentages work. To make things neat, let's assume they're now selling things at cost (they're not, they'll still be making a profit).

A 75% reduction in price like this means that they were previously making 300% profit.

[–] [email protected] 4 points 1 day ago (1 children)

He is talking about margin, not markup. 75% margin = 300% markup

[–] [email protected] 3 points 1 day ago* (last edited 1 day ago)

facepalm

Yep, you're completely right. I'll wind my neck back in now...