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this post was submitted on 21 Dec 2024
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A Boring Dystopia
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Damn, imagine if you went to every game
If I was a fan I'd be sat wondering why they'd been happily talking a 75+% profit margin from me after I'd already bought a ticket to be there.
If they could just not, when they feel like it
First up, I want to say that your point is clear, even without this correction, but...
That's not how percentages work. To make things neat, let's assume they're now selling things at cost (they're not, they'll still be making a profit).
A 75% reduction in price like this means that they were previously making 300% profit.
He is talking about margin, not markup. 75% margin = 300% markup
facepalm
Yep, you're completely right. I'll wind my neck back in now...