Q: How do you calculate gross profit if you know cost and selling price?

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Cost = Selling Price - Gross Profit By using this formula or method easily we can get the selling price of the product

Selling price = Cost of goods sold + Gross profit percentage on sales

Selling Price times (1 - Gross Profit % as a decimal) So, if your selling price is $20 and your gross profit is 30%: 20 x (1 - .3) = 20 x .7 = $14

Multiply the cost price by the profit margin plus 100%. SP=CP*(1+PP)

cost price = selling price - profit

Related questions

Cost = Selling Price - Gross Profit By using this formula or method easily we can get the selling price of the product

Selling price = Cost of goods sold + Gross profit percentage on sales

Selling Price times (1 - Gross Profit % as a decimal) So, if your selling price is $20 and your gross profit is 30%: 20 x (1 - .3) = 20 x .7 = $14

Multiply the cost price by the profit margin plus 100%. SP=CP*(1+PP)

cost price = selling price - profit

gross profit

let the cost price =X sell price=cost +profit selling price=x+profit

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

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%

Gross Profit/Selling Price = Gross Margin (7.50 - 2.50)/7.50 = 66.6%

Cost price * markup + tax = selling price