What I do is organize it as follows...
Cost Price = 100%
Selling Price = 100% + profit percent
Then you can fill in the variables and cross multiply, for example if you know the selling price is $27 and the profit percent is 10% then you can fill it in accordingly...
Cost Price = 100%
$27 = 100 + 10
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Cost Price = 100%
$27 = 110%
Then you do ($27 x 100%) / 110 to get $24.55.
That means that the Cost price is $24.55
cost price = selling price - profit
let the cost price =X sell price=cost +profit selling price=x+profit
find cost price if selling price =600 and profit=20%
profit can be calculated from profit percentage and cost price.profit percentage=profit*100/cost price.profit=selling price-cost price
Cost Price = Selling Price - Profit Profit = Selling price * profit percentage Example: Selling Price = 10 Profit % = 50% Profit = 10*50/100 = 5 Cost price = 10 - 5 Cost Price = 5
it the profit on sales price be 20/100 thepercentag ofprofit on cost price is
cost price = selling price - profit
let the cost price =X sell price=cost +profit selling price=x+profit
find cost price if selling price =600 and profit=20%
profit can be calculated from profit percentage and cost price.profit percentage=profit*100/cost price.profit=selling price-cost price
Cost Price = Selling Price - Profit Profit = Selling price * profit percentage Example: Selling Price = 10 Profit % = 50% Profit = 10*50/100 = 5 Cost price = 10 - 5 Cost Price = 5
Cost = Selling Price - Gross Profit By using this formula or method easily we can get the selling price of the product
Simple!just subtract your cost price from your selling price.
Cost price * markup + tax = selling price
Selling price = Cost of goods sold + Gross profit percentage on sales
If you know the trade price, and the the mark-up (profit) - simply multiply the trade price by the percent mark-up plus 1. Using your example - you have a phone which you bought at 1500 trade, and you want 50% profit, then the selling price is 1.5 x 1500 which is 2250.
selling price 2783.40. 70% at cost price the answer is 2141.08