Quote:
Originally Posted by bobs11
Where on earth can you make 100 - 200% on food??? That is impossible. If you are talking about selling something at retail at twice the cost price then that is 50% ie cost price £1 and sell for £2 is 50% gp. You can never make 100% profit unless you have no costs involved in producing what you sell!!!
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What is that in answer to?
£1 against £2 is 100% on cost and 50% on retail.
That is the fist sum you must do before calculating expenses.
How miuch can I make and what will it cost me?
That is cost of sales.
Not an easy task and advice is needed.
100% is not possible whatever the situation.