How To Calculate The Percent Of Profit? Is It Sale Price - Cost To Buy Item * X/100? I'm Confused.

9 Answers

Atul Chhotray Profile
Atul Chhotray answered
Profit percentage = (Profit / Cost Price ) x 100
Anonymous Profile
Anonymous answered
The profit is
profit = (sale price-cost)/cost
there is many ways but this is the easiest way and the right way
Oddman Profile
Oddman answered
Profit is usually expressed as a percentage of the selling price.

profit = ((selling price) - (cost))/(selling price)
  = (560 - 420)/(560) = 140/560 = .25 = 25/100
profit = 25% of sales
_____
On the other hand, markup is usually figured as a percentage of the cost.
markup = ((selling price) - (cost))/cost = 140/420 = .333 = 33.3%

Oddman Profile
Oddman answered
Profit percentage = (Profit)/(Selling Price)*100%

Markup percentage = (Profit)/(Cost Price)*100%
Anonymous Profile
Anonymous answered
33.33% profit on cost price

(Sell price - cost price)/cost price*100
Victoria Profile
Victoria answered
Profit or loss (selling price - original price) / original price X 100 = percentage profit
Anonymous Profile
Anonymous answered
[(Sales- cost of goods sold) X 100] / sales = Profit Percentage
Anonymous Profile
Anonymous answered
24%
thanked the writer.
Oddman
Oddman commented
Your answer is not the result of any of the methods of computation offered so far. Perhaps you'd be so kind as to tell us how you got it.

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