imvii@lemmy.ca to Canada@lemmy.caEnglish · 2 days agoTrump, the dumbest man on earth, just doubled down on his dumb.lemmy.caimagemessage-square296fedilinkarrow-up11.13Karrow-down112
arrow-up11.12Karrow-down1imageTrump, the dumbest man on earth, just doubled down on his dumb.lemmy.caimvii@lemmy.ca to Canada@lemmy.caEnglish · 2 days agomessage-square296fedilink
minus-squareSludgeyy@lemmy.worldlinkfedilinkarrow-up2·11 hours agoStarting Price / (1-Tariff %) = Final Price Needed to Break Even $5 / (1-.25) = 5/.75 = $6.67 If an item was $5 and there was a 30% tariff 5 / (1-.30) = $7.14 If there was a 30% tariff and the syrup company wanted to keep same profit they would have to sell each bottle for $7.14. $7.14 × .30 = $2.14 $7.14 - $2.14 = $5
Starting Price / (1-Tariff %) = Final Price Needed to Break Even
$5 / (1-.25) =
5/.75 = $6.67
If an item was $5 and there was a 30% tariff
5 / (1-.30) = $7.14
If there was a 30% tariff and the syrup company wanted to keep same profit they would have to sell each bottle for $7.14.
$7.14 × .30 = $2.14
$7.14 - $2.14 = $5