Replies to post #94995 on 8000 Incorporated (EIGH)

[loanranger]

Retail price of product = $35.00
Cost of product (70% margin) = $10.50
Retail profit on product = $23.50!!!
Less shipping cost incurred = $12.50
Net profit on sale = $11.00 (no other indirect expenses covered)

I would have expected a mistake in the other direction.

[EarnestDD]

High quality t-shirts being bought for $10.50??
does that include the shipping and handling to Barbados prior to shipment from Barbados??
I really doubt your numbers work.
A Gross Margin of 40% is considered very realistic in the textile industry.
70% Gross margin when they are buying the product in small quantities is simply NOT realistic.
lolol
mo