Cost, Price & Profit
What did it cost you? What did you sell it for? How much did you make?
What's the difference?
Cost vs. Price vs. Profit โ explained simply.
1
Cost = money OUT of your pocket. What you spend to get or make something.
2
Price = money IN from the customer. What they pay you.
3
Profit (Ganancia) = Price โ Cost. What's left for YOU after all is said and done.
Profit = Price โ Cost
Margin % = Profit รท Price ร 100