Asking a business its profit margin from @earningearth
The creator asks a corn bar owner to break down the profit margin on a $4.50 corn cup, who explains the cost is $1.50 including all materials, leading the creator to calculate and state the 66% profit margin.
Creator: @earningearth on TikTok
Transcript
What's the profit margin on a $4.50 corn on the cob? It's it costs about a dollar 50 to make that corn. That goes with the sticker, with the cup, the lid, the spoon, the napkin, also the ingredients. $4.50 is the price. $1.50 is the cost. That'd be about 66%, right, profit margin.
Topics: Business, Food, Small Business, Entrepreneurship
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