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A bag was bought for 40 and at a profit of 15 percent of the cost price what is the profit?
Wiki User
∙ 14y ago
The question isn't quite clear therefore there are two answers depending on the interpretation of the question.
# Assuming a customer bought the bag for 40 and the company earned a 15% profit, then the profit would be 40 x 15% = 6 # Assuming the company bought the bag for 40 and then sold it on for 15% profit, then the selling price would be 40/(100% - 15%) = 47.06 giving a profit of 7.06
Wiki User
∙ 14y ago
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How do you find cost price if profit percent and selling price is given?
find cost price if selling price =600 and profit=20%
How do you calculate cost price if we know the selling price and profit percent?
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 l l \/ 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
How do you calculate selling price if you know cost price and profit percentage.?
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.
What is your cost price if your selling price is 580 and your gross profit percentage is thirty three and a third percent?
Selling price = cost price + gross profit 580 = cost*(1 + 331/3%) = cost*4/3 So cost = 580*3/4 = 435
Buying price is 5.25 and selling price is 6.00 so what is profit percentage?
Approximately 14.3% To get the percentage profit per item (ignoring overhead such as rent, taxes, salary, etc--none of which are provided in the question), you divide the amount of profit, 6.00-5.25=0.75 by the cost (in this case the price you bought for to get: percent profit=0.75/5.25=1/7, or about 0.143=14.3%
How do you find cost price if profit percent and selling price is given?
find cost price if selling price =600 and profit=20%
Calculate selling price when cost and profit percent is geven?
it the profit on sales price be 20/100 thepercentag ofprofit on cost price is
If cost is 3 and sales 6 then profit is how many percent?
Profit is 100% on cost price of product.
What is the formulae of cp if profit and discount percent is given?
if profit , discount % and cost price is given write the formulae to fine cost price
A book is bought for R50 and sold for R80. What is the percentage profit?
Profit Formula Selling Price - Cost Price Profit Percentage Formula Profit Percentage = Profit/Cost Price*100 Selling Price80-Cost Price50=Profit30 30/50*100%=60%
What is the selling price of a jacket that is 156 the profit is 30 percent of the cost what is the price?
Selling price = Cost + Profit= Cost + Cost*30% = cost*(1.30) = 156*1.3 = 202.80Selling price = Cost + Profit= Cost + Cost*30% = cost*(1.30) = 156*1.3 = 202.80Selling price = Cost + Profit= Cost + Cost*30% = cost*(1.30) = 156*1.3 = 202.80Selling price = Cost + Profit= Cost + Cost*30% = cost*(1.30) = 156*1.3 = 202.80
How do you calculate cost price if we know the selling price and profit percent?
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 l l \/ 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
How do you calculate selling price if you know cost price and profit percentage.?
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.
Find the selling price of an article costing rs.30that was sold at a profit of 15 percent of the cost price?
find the selling price of an article costing Rs.30.00,that was sold at a profit of 15% of the cost price
What is your cost price if your selling price is 580 and your gross profit percentage is thirty three and a third percent?
Selling price = cost price + gross profit 580 = cost*(1 + 331/3%) = cost*4/3 So cost = 580*3/4 = 435
You buy a stove and sell it for 2500.00 at a profit of 20 percent what is the cost price?
If your profit is 20%, then your cost was 80%. 2,500 x 80% = 2,000
How do you get a cost price and a markup if you know the selling price and profit?
Selling price less profit equals cost price. The markup is the profit plus cost price.
