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How much per cent above the cost price should a shopkeeper mark his goods so as to earn a profit of 26 percent after allowing a discount of 10 percent on the marked price?
40 % markup. 1.40 - 10% (.14) =1.26 where 1.00 is 100% 26% profit
What is the formula for converting profit percent to profit?
Profit = (profit percentage / 100) x gross income
What is formula for gain percent?
Profit (gain) % = Profit / C.P. *100
If on an item a shop gives 25 percent discount. they earn 25 percent profit If they now give 10 percent discount then what is the profit percentage?
let mark price is 100 Rs. after giving 25% discount the selling price=75Rs. if the profit is 25% then the cost price=(100/100+25)*75=60Rs if now they give 10%discount the selling price=90Rs so gain=90-60=30Rs gain%=(30/60)*100=50% mohd. haseeb contact- 09602609019 B.tech (RTU)kota
How do you calculate cost price if we know the selling price and profit percent?
What I do is organize it as follows... Cost Price = 100% Selling Price = 100% + profit percent Then you can fill in the variables and cross multiply, for example if you know the selling price is $27 and the profit percent is 10% then you can fill it in accordingly... Cost Price = 100% $27 = 100 + 10 l l \/ Cost Price = 100% $27 = 110% Then you do ($27 x 100%) / 110 to get $24.55. That means that the Cost price is $24.55
