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[-] Skiptrace@lemmy.one 1 points 1 year ago

8% profit margin? That's... Absolutely abysmal. How the heck do they stay afloat?

[-] jimbolauski@lemmy.world 1 points 1 year ago

Not sure if you are being sarcastic and think 8% is huge or you are being sincere and think 8% is poor. 8% is average compared to other industries.

[-] Skiptrace@lemmy.one 0 points 1 year ago

8% is tiny. Like, microscopic.

In my industry, if your Profit Margin per ticket is less than 70% for a long enough time, your gonna go under. (Automotive Repair)

[-] jimbolauski@lemmy.world 3 points 1 year ago

I doubt your profit margin per ticket includes over head costs. Is sounds like it's mostly direct costs that are included. If your shop truly had a 70% profit margin the owner would be loaded, for every 100k you charge customers they would be taking home 70k in profit.

this post was submitted on 21 Aug 2023
796 points (98.0% liked)

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