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Profit can be described as Gross Profit, and Net Profit. To describe it in simple terms:
- Gross Profit is Revenue, minus Cost of materials directly associated with those revenues.
- Net Profit is Revenue, minus all costs (tangible and intangible) associated with the same time period as the revenue received.
For the Cost of materials, this could be different things. For a store, which just sells items that it purchases, this would be the cost of the items which were sold. For a business that manufactures items or products, this would be the materials used to produce a product.
The other costs, not directly related are things like rent, utilities, advertising, labor, interest on loans, and then (intangible) depreciation and amortization of assets. These costs are incurred regardless if anything is sold (in the short term, anyway - if things don't improve, then changes would need to be made, like moving to a less expensive space, reducing labor expenses, etc.)
Whichever Profit that you are interested in, the Percent Profit is calculated by dividing the profit dollars by the revenue dollars, then multiply by 100% to get as a percentage.
Example: Revenues were $5000 in a given month. Total costs for that month were $4200. The amount of profit is $800 ($5000 - $4200), and the percent profit = ($800)/($5000) x 100% = 16%
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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%
What is the formula for converting profit percent to profit?
Profit = (profit percentage / 100) x gross income
A fruit seller sells 5 apples at the cost price of 6 apples find his profit percent?
20 %
What is formula for gain percent?
Profit (gain) % = Profit / C.P. *100
A house is bought for 68000 and sold at a profit of 14 percent Find the selling price?
68 000 * 1.14 == $77 520
How do you find cost price if profit percent and selling price is given?
find cost price if selling price =600 and profit=20%
VCR and TV bought equals Rs8000 loss of 4 percent in VCR but profit of 8 percent in TV find gain or loss in the whole transaction?
VCR and TV bought equals Rs8000 loss of 4 percent in VCR but profit of 8 percent in TV find gain or loss in the whole transaction?
What is the formula for converting profit percent to profit?
Profit = (profit percentage / 100) x gross income
A fruit seller sells 5 apples at the cost price of 6 apples find his profit percent?
20 %
What is formula for gain percent?
Profit (gain) % = Profit / C.P. *100
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
A shopkeepersold a pen for Rs13.20 to make profit of 10 percent in order to earn a profit of 15 percent he should have dold it for?
rs13.80
What profit margin do furniture retailers have?
According to Chron, the average profit margin for furniture retailers is 2 percent. This is up from other retailers who normally have a 0.5 percent profit margin.
When a discount is 10 percent is given on on an item being sold at a profit of 20 percent on the cost price the sales volume trebles what is the ratio of new profit to original profit?
3:2
A house is bought for 68000 and sold at a profit of 14 percent Find the selling price?
68 000 * 1.14 == $77 520
What is the 60 percent profit on 600.00?
100$
You paid 32 pound for a jacket and sold it for 150 pound what percent profit have you made?
profit made is 150-32=118, so percent of profit made is (118/32)*(100)=368.72%
