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What is the formula for the gross profit when you know the selling price and the cost price?
The formula for gross profit is given by subtracting the cost price from the selling price. It can be expressed as: Gross Profit = Selling Price - Cost Price. This calculation helps determine the amount earned from selling a product after accounting for its cost.
What mark up to make 12.5 percent gross profit?
If your Gross Profit is 12.5% of Selling Price, that means your Cost of Goods Sold is 87.5% of Selling Price. 1/.875 = 1.143 So you need a 14.3% markup to achieve a 12.5% Gross Profit. Example: Cost = $100 Selling Price = $100 x 1.143 = $114.30 Gross Profit = $114.30 - $100.00 = $14.30 14.30/114.30 = 12.5%
How do you get a cost price and a markup if you know the selling price and profit?
Selling price less profit equals cost price. The markup is the profit plus cost price.
The grocer bought canned goods for 1765 and sold them for 2680how much profit did the grocer make?
To calculate the profit the grocer made, subtract the purchase cost from the selling price. Profit = Selling Price - Purchase Cost, which is 2680 - 1765 = 915. Therefore, the grocer made a profit of 915.
Calculate gross price to net price?
Gross price-expenses=net price
How do you calculate the selling price if you know the cost and gross profit percentage?
Cost = Selling Price - Gross Profit By using this formula or method easily we can get the selling price of the product
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
How do you calculate cost if you know the Selling price and gross profit percentage?
Selling Price times (1 - Gross Profit % as a decimal) So, if your selling price is $20 and your gross profit is 30%: 20 x (1 - .3) = 20 x .7 = $14
How do you calculate gross profit if you know cost and selling price?
Simple!just subtract your cost price from your selling price.
How do you calculate Selling Price if you know the Cost price and gross profit percentage?
Multiply the cost price by the profit margin plus 100%. SP=CP*(1+PP)
What is selling price minus cost price all divided by selling price?
gross profit
How do you calculate cost price when selling price and total profit is given?
cost price = selling price - profit
How do you calculate cost price if we know the selling price and profit?
let the cost price =X sell price=cost +profit selling price=x+profit
How do you calculate Selling Price if you know Cost price and Profit percentage?
profit can be calculated from profit percentage and cost price.profit percentage=profit*100/cost price.profit=selling price-cost price
How do you calculate cost price when given sell price and profit percentage?
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
What mark up to make 12.5 percent gross profit?
If your Gross Profit is 12.5% of Selling Price, that means your Cost of Goods Sold is 87.5% of Selling Price. 1/.875 = 1.143 So you need a 14.3% markup to achieve a 12.5% Gross Profit. Example: Cost = $100 Selling Price = $100 x 1.143 = $114.30 Gross Profit = $114.30 - $100.00 = $14.30 14.30/114.30 = 12.5%
A bicycle bought for 18000 was sold for 24000.calculate the profit he made calculate?
To calculate the profit made from selling the bicycle, subtract the purchase price from the selling price. The profit is ( 24000 - 18000 = 6000 ). Therefore, the profit made on the bicycle is 6000.
