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    #1

    worldwide turnover, translating

    Please make the following in red clear for me.

    Maggie's schemes increased the company's profit margin in two years from 8% to 18% -- especially impressive on a worldwide turnover of £75bn, translating to an increase in pre-tax profits from £6bn to £14bn. Of that £8bn increase, the Chocolate Teapot Company collected £2bn in profit share.

    Is this saying "the 18% increase in profit margin is especially impressive when we consider the turnover of £75bn the company achieved worldwide?" It doesn't seem so.
    And what does "translating to" mean in the context?

    Thank you.

  1. konungursvia's Avatar
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    #2

    Re: worldwide turnover, translating

    A percent is slightly impressive, but if you 'translate' the figure into real dollars, using the large company's actual sales figures, you find it a very high figure, perhaps much more impressive.

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    #3

    Re: worldwide turnover, translating

    There was not an 18% increase in the margin. The margin increased to 18%. The increase (from 8 to 18) is 125%.

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