So my operating profit is really my profit because I don't have to pay taxes on it.

And so I had a total expense or total cost of goods sold of 1 million.

If you and I one sell individually what little we produce,

He made a profit of ten thousand dollars on the sale.

Before I think about how much does it cost for me, all of the overhead expenses.

And it has been a powerful marketplace differentiator, increasing sales and profits.

So, you're selling costs were embedded here, this was the commission or direct sales costs or whatever you were paying your direct sales people and you made 37 selling directly.

So what's the profit going to be? So let me write this down.

So already we have some new nuance on profit.

Or if we just wanted to round to the nearest penny, since we're talking about selling something, this optimal profit, this optimal profit, will happen at a selling price of 23 and 30, 23 and 33 cents.

Sell, sell, sell.

Over here, this axis right here is going to be the selling price,

If it turns out you're right, we could sell dealerships now, which sounds crazy.

And when they produce their crops, they sell the surplus on marketplaces.

And your cost of producing that incremental cupcake is a lot lower, so you're just like, well, as long as I charge something more than that,

This is jack... one of our best salesmen.

Fair enough.

We get 30 s squared plus 1400 s minus 16000.

And I think you already get the sense that the lower the

Make it 50 and you've got a deal.

Consider two marketing campaigns. Campaign A has a response rate of 1 .

And this number tells you, how much money did you make, or how much profit did you make just from selling these widgets?

Why wouldn't I just pour all of my money?

What do you sell?

So let's say I just want to know what has to happen for my operating profit to be zero.

A company is a business organization with sales, a product, or service in exchange for revenue and profit.

But this is, of course, an optimistic scenario. Let's think of other scenarios.

So that's a little bit of a taste of why someone might realistically, in this case, pay a higher Price to Earnings for safety.

And their value proposition, as even they realized later, was pretty unclear.

A looked expensive.

And do their profit is 20 for carrying, stocking, and reselling our product.

Sold

PHOTO RELEASE

Minus 50,000.

My dad sells tractors.

(Laughter)

So if we substitute 30 s plus 800 for q, we get 30 s plus 800 times s minus 20, times, and this is in a different shade of yellow, times s minus 20.

But when you lower the Price to Earnings you are increasing the Earnings to Price.

So, it actually works.

We call it a select opportunity .

Maybe Toyota has an incentive there, but even Toyota is making more money off the luxury cars, and less money off the cheaper cars.

This is the PC guy over here.

We don't trust America anymore.

Our liquor license!

What's so awesome about a queensize futon sale?