gain 25%
The correct formula when markup is based on the selling price is selling price is equal to the markup plus the cost. This enables traders make profits.
define cost and selling price
cost price = selling price - profit
selling price 2783.40. 70% at cost price the answer is 2141.08
gain 25%
The correct formula when markup is based on the selling price is selling price is equal to the markup plus the cost. This enables traders make profits.
define cost and selling price
cost price multiply by profit then add the answer to the cost price =selling price
cost price multiply by profit then add the answer to the cost price =selling price
the cost to manufacture/package/ship single items is greater than the selling price.
cost price = selling price - profit
selling price 2783.40. 70% at cost price the answer is 2141.08
As a very rough approximation,Profit = Selling Price - Cost of Production.As a very rough approximation,Profit = Selling Price - Cost of Production.As a very rough approximation,Profit = Selling Price - Cost of Production.As a very rough approximation,Profit = Selling Price - Cost of Production.
Selling price less profit equals cost price. The markup is the profit plus cost price.
let the cost price =X sell price=cost +profit selling price=x+profit
Margin = Selling Price - Cost