# understanding margins on product

7 replies
• |
...............
• Gross profit margin is the profit of your product divided by the retail price. If your cost for a product is \$7 and you sell it for \$13, you make \$6 per sale and your gross profit margin is about 46% (6/13 = .4615).
Signature
StoreCoach.com- Learn How to Dropship the Right Way - Buy & Sell Websites - Partner with Coach
My PROVEN ecommerce process, as seen on: Fox News, the NY Times & Flippa
{{ DiscussionBoard.errors[11583181].message }}
• Thank you! how do I understand this concept when it comes to retail and wholesale?
{{ DiscussionBoard.errors[11583186].message }}
• You do a google search with the term below

how to figure margins for profit

And that search yields a full page of formulas, explanations and calculators you can use.
Signature
Saving one dog will not save the world....but will forever change the world of one dog.
{{ DiscussionBoard.errors[11583187].message }}
• thank you, I try googling some of this information but I am having trouble understanding the way they explain some of these things, that's why I was hoping to get a simplified, easy to understand answer here
{{ DiscussionBoard.errors[11583199].message }}
• Not everything can be 'simplified' - sometimes you have to put in the time to learn a process. Surely you can use an online calculator?
Signature
Saving one dog will not save the world....but will forever change the world of one dog.
{{ DiscussionBoard.errors[11583206].message }}
• thank you, it's one thing to use a calculator but you must understand the theory first, which I have trouble grasping
{{ DiscussionBoard.errors[11583211].message }}
• How did you get hired for a job you don't know how to do? Is there training available to you?
Signature
Saving one dog will not save the world....but will forever change the world of one dog.
{{ DiscussionBoard.errors[11583212].message }}

• ### how can i rephrase this better ?

newxxx

how would you rephrase this better ... "You will get a 100% commission when your referral buys this product" thanks in advance !!!!!!

• ### If you were in an elevator with an expert copywriter, what questions would you ask?

Kamerongroup

If you were in an elevator with an expert copywriter, what questions would you ask?

• ### When's the best time to send an email?

WF- Enzo

I usually blast out emails at noon, expecting clients within the same timezone to read my emails right after their lunch. What about you? What time do you usually send ... [read more]

• ### Starting My Online Business Journey - E-books or Amazon FBA?

Original4Some

Hello Everyone, I'm getting ready to begin my online business journey and I'm looking for guidance from the great minds here. Since I have yet to make one cent online, ... [read more]