Profit percentage = (Profit / Cost Price ) x 100

The profit is

profit = (sale price-cost)/cost

there is many ways but this is the easiest way and the right way

profit = (sale price-cost)/cost

there is many ways but this is the easiest way and the right way

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

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On the other hand, markup is usually figured as a percentage of the cost.

markup = ((selling price) - (cost))/cost = 140/420 = .333 = 33.3%

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%

Profit percentage = (Profit)/(Selling Price)*100%

Markup percentage = (Profit)/(Cost Price)*100%

Markup percentage = (Profit)/(Cost Price)*100%

33.33% profit on cost price

(Sell price - cost price)/cost price*100

(Sell price - cost price)/cost price*100

Profit or loss (selling price - original price) / original price X 100 = percentage profit

[(Sales- cost of goods sold) X 100] / sales = Profit Percentage

24%

25%