# understanding margins on product

7 replies
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• 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).
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• Thank you! how do I understand this concept when it comes to retail and wholesale?
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• 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.
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• 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
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• Not everything can be 'simplified' - sometimes you have to put in the time to learn a process. Surely you can use an online calculator?
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Saving one dog will not save the world....but will forever change the world of one dog.
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• thank you, it's one thing to use a calculator but you must understand the theory first, which I have trouble grasping
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• How did you get hired for a job you don't know how to do? Is there training available to you?
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Saving one dog will not save the world....but will forever change the world of one dog.
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newxxx

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• ### 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?

jackanderson96