Confusion
Profit margin is frequently confused with markup. It's not uncommon for entrepreneurs to erroneously claim profit margins over 100%. Most likely these entrepreneurs are referring to the markup on a product as a percentage of product cost.
Read more about this topic: Profit Margin
Famous quotes containing the word confusion:
“Behind her was confusion in the room,
Of chairs turned upside down to sit like people
In other chairs, and something, come to look,
For every room a house has parlor, bedroom,
And dining room thrown pell-mell in the kitchen.”
—Robert Frost (1874–1963)
“My grandmother stood among her kettles and ladles.
Smiling, in faulty grammar,
She praised my fortune and urged my lofty career.
So to please her I studied—but I will remember always
How she poured confusion out, how she cooled and labeled
All the wild sauces of the brimming year.”
—Mary Oliver (b. 1935)
“A woman’s beauty is a storm-tossed banner;
Under it wisdom stands, and I alone
Of all Arabia’s lovers I alone
Nor dazzled by the embroidery, nor lost
In the confusion of its night-dark folds,
Can hear the armed man speak.”
—William Butler Yeats (1865–1939)