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Sell price is 2602.58 cost price is 2090.42 what is the profit?
Wiki User
∙ 14y ago
The basic formulas for profit are represented as follows:
Profit = Price - Cost
% Profit = Profit / Cost
So, if an item sold for 2,602.58 and cost 2,090.42, the profit (absolute) is :
Profit = 2,602.58 - 2,090.42 = 512.16
The % profit (relative to the cost) is:
% Profit = 512.16 / 2,090.42 = 24.5%
Wiki User
∙ 14y ago
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How do you calculate cost price if we know the selling price and profit?
let the cost price =X sell price=cost +profit selling price=x+profit
How do you calculate cost price when given sell price and profit percentage?
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
Formula for finding profit?
If you know your cost, then you can find the price you must charge by Multiplying the cost by 1 plus the percent of profit you want. In the Example above: Cost = $60 Required Profit = 24% 60 * 1.24 = 74.4 You must charge at least $74.40 to achieve your required profit margin. The formula for markup percentage is (Sell Price - Cost) / Sell Price. Cost = $60 Sell Price = $65 (65 - 60) / 65 = .0769 Markup Percentage is 7.69%
What formula is used to calculate net profit margin?
take the sell price and deduct the cost price. divide this number by the sell price and times by 100. ie; if you buy sell a product for 50 and it costs 30 the profit is 20. 20 divided by 50 = .04 x 100 = 40% "Net" means that all costs (or expenses) must be considered, including taxes, overhead, etc.
How many items do i need to sell to make profit when i buy an item at 1.45 each and sell item for 2.00 each and spend 24.00 on an ad to sell them?
The gross profit to the seller on each sale equals the sale price minus the cost price; the problem states that this unit gross revenue is 2.00 - 1.45 = 0.55. Net profit equals gross profit minus cost; therefore the number sold (N) must satisfy the inequality 0.55N > 24.00, or N > 24.00/0.55 = 44, to the justified number of significant digits. Therefore, at least 44 items must be sold to generate a net profit.
What is the profit?
fomula for profit is Sell price - Cost price= profit
What is the farmula profit?
fomula for profit is Sell price - Cost price= profit
How do you calculate cost price if we know the selling price and profit?
let the cost price =X sell price=cost +profit selling price=x+profit
How does increase in price increase profit?
My profit = the price I charge - my costs If it costs $1.00 to make a widget, and I sell it for $2.00 then my profit is $1.00. Now if I sell my widget for $3.00 my profit is $2.00.
How does increases in price increase profit?
My profit = the price I charge - my costs If it costs $1.00 to make a widget, and I sell it for $2.00 then my profit is $1.00. Now if I sell my widget for $3.00 my profit is $2.00.
How do you calculate cost price when given sell price and profit percentage?
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
What is the formula for profit margin?
Selling Price=Cost Price/((100-margin%)/100) e.g Cost = £100 Profit Margin needed is 40% Sell price=100/0.60 Sell Price = £166.67 So you make £66.67 when you sell it at £166.67 so the profit margin is 66.67/166.67 = 40%
Formula of net profit in Excel?
The formula of net profit in MS Excel is:- =net profit(cost price+sell price/100*200*2)
If a friend sold something to me in X price should I sell it for the same X price if he wanted it back or should I gain profit on him?
Friends should not make a profit from other friends. Sell it back at the same price.
Cost of a product before profit is added - what is this called?
This is called cost price. Companies buy stock at cost price then add their profit and sell at retail price.
What does 'jobber price' mean?
Jobber price is what one company would sell their goods to another retail company for. That company would then raise the price on that product and sell it for profit. Margins of profit when selling at jobber price is typically very low, think of it as a wholesale price.
Why do producers sell more when the price is high?
To earn more profit
