MHB Customer's 10K Piece Profit Margin: 28.8%

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The customer purchases 10,000 pieces at a cost of 0.20845 each and sells them for 0.33621 each. The total cost amounts to 2084.5, while the total revenue from sales is 3362.1. The profit margin is calculated by subtracting the total cost from the total revenue, resulting in a profit of 1277.6. This translates to a profit per piece of 0.12776. The discussion emphasizes the importance of straightforward calculations in determining profit margins.
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customer buys 10,000 piece with cost of 0.20845 and sell price of 0.33621, what is the margin?
 
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BethTara said:
customer buys 10,000 piece with cost of 0.20845 and sell price of 0.33621, what is the margin?

do you mean profit margin?

profit margin calculator
 
skeeter said:
do you mean profit margin?

I sure did mean the Profit margin. I figured it out, I was over thinking the question and making it harder than it actually was...Need to remember SMARTER NOT HARDER

Math is my arch nemesis! In my 30s and still use my fingers for + & -
Had to quit college because I couldn't pass intro to college algebra :(
 
BethTara said:
customer buys 10,000 piece with cost of 0.20845 and sell price of 0.33621, what is the margin?
Pretty straight forward, isn't it? If he buys 10,000 "pieces" at 0.20845 each then he paid (10000)(0.20845)= 2084.5. If he sold the 10,000 at 0.33621 each then his income is (10000)(0.33621)= 3362.1. His profit margin is 3362.1- 2084.5= 1277.6.

Another way: buy each item at 0.20845 and selling for 0.33621 he makes a profit of 0.33621- 0.20845= 0.12776. For 10000 pieces, that is a total of 1277.6.
 
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Thread 'Area of Overlapping Squares'

Here is a little puzzle from the book 100 Geometric Games by Pierre Berloquin. The side of a small square is one meter long and the side of a larger square one and a half meters long. One vertex of the large square is at the center of the small square. The side of the large square cuts two sides of the small square into one- third parts and two-thirds parts. What is the area where the squares overlap?
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