Originally Posted by cs1
Finally, somebody gets it. Markup does not equal profit! That $50 you said after deducting fixed and variable cost is probably closer to $10 profit. Consumers or ELO's have no idea of how much it costs to run a business. I learned the hard way.
Tim
It seems as if there is a huge divide between those who really know, and those that take a guess or listen to those who take a guess. There is no hope of convincing the ones that don't know, they think you are making it up for your own benefit (profit). They don't care anyway, they want that ten dollars for themselves.