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> losses of sales of drink/snacks etc in their stores

As a former gas station owner, let me correct you here. Drinks and snacks, no matter how low the volume have crazy margins, sometimes 100% or more and make up a large fraction of gas station profits. It isn't rare to run the fuel at a loss to sell more ice cream and drinks.



How can a product have > 100% margin? Were you getting paid by the supplier to stock their products?


Uhm, you buy an item for $1, sell it for $3, the margin is 200%, no?


As typically defined: The margin is 67%. The markup is 200%.

Margin is "profit as percent of revenue". Markup is "profit as percent of COGS".


Ugh, of course. I had a total blank on basic maths for a moment.


You are right, I should have used markup, not margin. Apologies.




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