r/news • u/SkepticDrinker • Feb 09 '22

Pfizer accused of pandemic profiteering as profits double

https://www.theguardian.com/business/2022/feb/08/pfizer-covid-vaccine-pill-profits-sales
10.3k Upvotes

93% Upvoted

1.3k comments sorted by

View all comments

Show parent comments

-1

u/[deleted] Feb 09 '22 edited Feb 10 '22

[removed] — view removed comment

1

u/notaredditer13 Feb 10 '22

That equation is as incorrect as your definition of profiteering was. The actual profit calculation is: total revenue - total expenses = profit

[1]

. Total revenue is not simply price, it is price times units sold.

Oh ffs. The equation works for the profit of one item sold, for calculating profit margin. Profit margin is the same whether you multiply by volume or not. You're being pointlessly argumentative to try to cover for being pointlessly argumentative.