Business Numbers Didn’t Have to Be This Hard · Chapter 1

Three Profit Levers

Pull each lever by the same amount, charge more, sell more or spend less per item, and see which one moves profit most.

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From the book, Chapter 1. Tess’s month: 160 candles at $18, $5.20 of materials each, $294 of regular costs, so $1,754 profit. A 10% price rise lifts profit 16.4%; 10% more sales lifts it 11.7%; 10% cheaper materials, 4.7%.

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