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How do you calculate selling price if you know cost and gross profit percentage?
Selling price = Cost of goods sold + Gross profit percentage on sales
Sell price is 2602.58 cost price is 2090.42 what is the profit?
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%
What is the gross profit percentage if an item wholesale cost is 1.65 and is sold at 2.20?
It is a 33.33% profit
A dealer bought a bicycle for 160 and sold it for 192 what was her percentage profit?
profit/cost=profit margin (192-160)/160= .2 = 20%
What is the cost price for an item that sold for 55 at a profit of 25 percent?
$44. Solve by dividing $55 by 1.25.
How do you calculate selling price if you know cost and gross profit percentage?
Selling price = Cost of goods sold + Gross profit percentage on sales
A book is bought for R50 and sold for R80. What is the percentage profit?
Profit Formula Selling Price - Cost Price Profit Percentage Formula Profit Percentage = Profit/Cost Price*100 Selling Price80-Cost Price50=Profit30 30/50*100%=60%
If a cycle manufacturer reduced selling price of cycle by 50 the number of cycle sold radically increased by 600. Initially the manufacturer was getting only 140 profit. What is the percentage increas?
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%.
Sell price is 2602.58 cost price is 2090.42 what is the profit?
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%
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
What is 1.65 and sold at 2.20 what is the gross profit percentage?
The gross profit percentage is calculated by finding the difference between the selling price and the cost price, dividing it by the cost price, and then multiplying by 100%. In this case, the gross profit is 2.20 - 1.65 = 0.55. Dividing this by the cost price of 1.65 gives 0.3333. Multiplying by 100% gives a gross profit percentage of 33.33%.
What is the gross profit percentage if an item wholesale cost is 1.65 and is sold at 2.20?
It is a 33.33% profit
What is the mark up percentage on purchases?
The markup percentage on purchases is calculated by taking the difference between the selling price and the cost price, dividing that difference by the cost price, and then multiplying by 100. For example, if an item costs $50 and is sold for $75, the markup percentage would be ((75 - 50) / 50 \times 100 = 50%). This percentage reflects the profit margin on the item sold. It's essential for businesses to determine an appropriate markup to cover costs and achieve desired profit levels.
A dealer bought a bicycle for 160 and sold it for 192 what was her percentage profit?
profit/cost=profit margin (192-160)/160= .2 = 20%
A man bought some fruits at the rate of 16 for Rs. 24 and sold them at the rate of 8 for Rs. 18. What is the profit per cent?
cp of 16 fruits =rs.24/- so each fruit costs = 24 /16= 1.5/- per fruit sp of 8 fruits= rs.18/- so each fruit costs 18/8= 2.25/- per fruit profit= sp-cp =2.25-1.5 =0.75 25% profit percentage is= 0.75 / 1.5 * 100 = 50 %
What is the minimum selling price for this product?
The minimum selling price for a product is the lowest price at which it can be sold to cover the cost of production and make a profit.
If your sale prize is 5.50dh ad cost is 3.25dh what is your profit margin?
If the sale price is $5.50dh and the ad cost is $3.25dh, the profit margin cannot be determined. The cost to produce whatever is being sold is still a factor in determining profit margin. Sales price less all costs equals the profit margin.
