How do I calculate profit margins for my e-commerce business?
An example of an AI chatbot conversation about calculating profit margins in e-commerce.
How do I calculate profit margins for my e-commerce business?
To calculate profit margins, subtract your total costs from your total revenue, then divide by total revenue.
What costs should I include in the calculation?
Include costs like product cost, shipping, marketing, and any overhead expenses.
Can you give me an example with numbers?
Sure! If you sell a product for $100, and your total costs are $70, your profit margin is (100-70)/100 = 30%.
What is a good profit margin for e-commerce?
A good profit margin for e-commerce typically ranges from 20% to 50%, depending on the industry.
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