The price was 670!
It 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.
To find the percentage increase in profit, we first need to determine the initial profit and the new profit after the price reduction and increase in sales. Initially, the profit was 140. If the selling price is reduced by 50 and the number of cycles sold increases by 600, the new profit can be calculated as follows: New profit = (Selling price - Cost price) * New quantity sold - (Selling price - Cost price) * Initial quantity sold = (Selling price - Cost price) * (Initial quantity sold + 600) - Initial profit. Assuming the cost price remains constant, you would need the initial selling price and cost price to compute the exact new profit and hence the percentage increase accurately. However, if we assume the profit doubles due to the increased sales, then the percentage increase would be roughly 100%.
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