Wiki User
∙ 10y agoThe price was 670!
Wiki User
∙ 10y agoIt is 25%.
$44. Solve by dividing $55 by 1.25.
68 000 * 1.14 == $77 520
25% of 850 = 0.25 x 850 = 212.50 850 + 212.50 = 1,062.50 So the sofa would be sold for 1,062.50 to earn a 25% profit.
Let Cost Price be C. Then Sale Price = C + (C x 10/100) = 110C/100 But Sale Price = 275 = 110C/100 : C = 275 x 100/110 = 250 The Profit is Sale Price - Cost Price = 275 - 250 = 25
find the selling price of an article costing Rs.30.00,that was sold at a profit of 15% of the cost price
It is 25%.
3:2
$44. Solve by dividing $55 by 1.25.
68 000 * 1.14 == $77 520
25% of 850 = 0.25 x 850 = 212.50 850 + 212.50 = 1,062.50 So the sofa would be sold for 1,062.50 to earn a 25% profit.
The profit is the sale price minus the purchase price minus the transaction costs.
Let Cost Price be C. Then Sale Price = C + (C x 10/100) = 110C/100 But Sale Price = 275 = 110C/100 : C = 275 x 100/110 = 250 The Profit is Sale Price - Cost Price = 275 - 250 = 25
40
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%
Selling price = Cost of goods sold + Gross profit percentage on sales
If your Gross Profit is 12.5% of Selling Price, that means your Cost of Goods Sold is 87.5% of Selling Price. 1/.875 = 1.143 So you need a 14.3% markup to achieve a 12.5% Gross Profit. Example: Cost = $100 Selling Price = $100 x 1.143 = $114.30 Gross Profit = $114.30 - $100.00 = $14.30 14.30/114.30 = 12.5%