gross profit
I assume your question is 60 percent profit on 180 selling price. The store cost is x, and the profit is 0.60x; the selling price is 180, then x + .60x = 180 1.6 x = 180 x x = 112.50 = cost .60x = 67.50 = PROFIT
find the selling price of an article costing Rs.30.00,that was sold at a profit of 15% of the cost price
For each unit sold, a rough approximation isProfit = Selling price minus Cost of production.It is an approximation because it does not take account of taxes, inventories and so on.
selling price
Selling price is somethng on which the profit depends so its Selling price - Product price = profit
cost price = selling price - profit
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
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
find cost price if selling price =600 and profit=20%
profit can be calculated from profit percentage and cost price.profit percentage=profit*100/cost price.profit=selling price-cost price
Cost = Selling Price - Gross Profit By using this formula or method easily we can get the selling price of the product
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
gross profit
It is simple that if the selling price is increased more then of cost increase then profit will increase but if selling price increased less then cost increased then there will be less profit or selling price increased in same proportion to cost increased then there may be no increase in profit. Besides that there may be so many other reasons for that.