How many blue things are there for every red thing? And did you miss that that graph depicts percent changes? Add up the numeric value of each bar and tell me, is it a positive number or a negative number?
Jees.
How many blue things are there for every red thing? And did you miss that that graph depicts percent changes? Add up the numeric value of each bar and tell me, is it a positive number or a negative number?
Jees.
Seems that you missed the entire point of the conversation that you started.
It’s my point lol. Of course I know what I am saying.
The cost to customers is minimal compared to the raise the workers get to their salary.
A 10% increase on a few menu items nets a 30% increase on wages.
zantax:Inflation increases both profits
How??
Do I make more money with a three percent margin on a ten dollar product or on a hundred dollar product?
biggestal99:Beef prices went down.
To be more specific beef price went DOWN 3.81% between 2015 and 2017.
Beef and veal price inflation, 2015→2017
Beef Prices are cyclical.
And with few exceptions, ever increasing.
zantax: TheRedComet:I keep asking my grandparents if this is what the 70s felt like.
They always say yes.
This ■■■■ sucks. And certain commodities are never going back to pre-Covid levels.
Oh no, this is just a foretaste. Wait for the double digit interest rates to kick in to see real misery.
Yep, the misery is just beginning.
Brandon does not like it that Carter still holds the record for the highest misery index.
Samm:Seems that you missed the entire point of the conversation that you started.
It’s my point lol. Of course I know what I am saying.
The cost to customers is minimal compared to the raise the workers get to their salary.
A 10% increase on a few menu items nets a 30% increase on wages.
If you knew what you were saying you would recognize that you changed the point from the anecdote that I responded to, to something entirely different in your response to my comment.
But then, that’s what you do, isn’t it.
PurpnGold: zantax:Inflation increases both profits
How??
Do I make more money with a three percent margin on a ten dollar product or on a hundred dollar product?
That assumes that you establish your profit at a set percent of sales. In a competitive market, you can’t always do that.
zantax: PurpnGold: zantax:Inflation increases both profits
How??
Do I make more money with a three percent margin on a ten dollar product or on a hundred dollar product?
That assumes that you establish your profit at a set percent of sales. In a competitive market, you can’t always do that.
Already mentioned previously that how elastic your pricing is matters. As does how many true competitors you have.
Do I make more money with a three percent margin on a ten dollar product or on a hundred dollar product?
You make more revenue…. Not profit.
Are you struggling with the different here?
zantax:Do I make more money with a three percent margin on a ten dollar product or on a hundred dollar product?
You make more revenue…. Not profit.
Are you struggling with the different here?
You make more profit as well.
from
Corporations are reporting record profitability, showing that while input costs are rising, inflation is being passed on to customers through higher prices.
A record July net profit margin reading from the National Association for Business Economics (NABE) survey shows that a majority of companies are successfully passing on increased costs to customers
Of course there may come a time when people can no longer afford those increases.
You make more profit as well.
How?
3% margin on a $10 product is .30 cents.
3% margin on a $100 product is 3.00 dollars.
In both scenarios, your COGS are 9.70 and 97.00 respectively.
Your profit remains the same. It’s 3%.
zantax:You make more profit as well.
How?
3% margin on a $10 product is .30 cents.
3% margin on a $100 product is 3.00 dollars.
In both scenarios, your COGS are 9.70 and 97.00 respectively.
Your profit remains the same. It’s 3%.
But the three percent is more money. I guess inaccurate to say profit margin increases but I am pretty sure I said profits, not profit margins.
This seems to be a recurring problem with progs, you© don’t seem to understand there’s always a price to be paid. A bill that comes due.
There always is a price to be paid, even for those things that aren’t done.
Conservatives never get that.
But the three percent is more money. I guess inaccurate to say profit margin increases but I am pretty sure I said profits, not profit margins.
No. 3% is your profit margin. So it doesn’t matter what your costs are… you are only netting 3%.
If you increased your profit margin… that would be going from 3% to 5%. In that scenario your profit also increases.
3% on your $100 (vs a $10 product) product only increases your revenue. Your profit is still only 3%.
zantax:But the three percent is more money. I guess inaccurate to say profit margin increases but I am pretty sure I said profits, not profit margins.
No. 3% is your profit margin. So it doesn’t matter what your costs are… you are only netting 3%.
If you increased your profit margin… that would be going from 3% to 5%. In that scenario your profit also increases.
3% on your $100 (vs a $10 product) product only increases your revenue. Your profit is still only 3%.
Sounds like a semantics problem, I would rather make 30 dollars instead of 3 on the same product for a variety or reasons.
Sounds like a semantics problem, I would rather make 30 dollars instead of 3 on the same product for a variety or reasons.
You know, I actually agree with you. I think terms were getting crossed between us. It happens.
Yes 3% of $10 vs 3% of $100 nets you more money. What it doesn’t change is your profit margin.
Good thing he didn’t say profit margin then, isn’t it.
Good thing he didn’t say profit margin then, isn’t it.
Meh, understandable semantics issue, all straightened out.
Samm:Good thing he didn’t say profit margin then, isn’t it.
Meh, understandable semantics issue, all straightened out.
Deliberate as it was …
The death kneel was outsourcing everything especially to China and insourcing much of the labor force many of which send the money back home to their birth country.
At best we will continue to see a shrinkage of the middle class. Inflation does a real number on the poor.