Crosswords0 min ago
profit percentage
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how do i work out a profit percentage? for example, if something cost �11 to make and i sold it for �15, how do i work out the profit i had made as a percentage? thanks
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�15 sale price, less �11 cost = �4 "Gross Profit", if you wish to express this as a percentage, you do so by dividing the Gross Profit by the Selling price and multiplying by 100, so 4 divided by 15 x 100 = 26.66% This is known as the "GPM" (Gross Profit Margin) and is represented as a percentage of sales.
Profit is never calculated as a percentage of cost. Trotbots calculation will give you the "Mark up" which is completely different from Profit.
�15 sale price, less �11 cost = �4 "Gross Profit", if you wish to express this as a percentage, you do so by dividing the Gross Profit by the Selling price and multiplying by 100, so 4 divided by 15 x 100 = 26.66% This is known as the "GPM" (Gross Profit Margin) and is represented as a percentage of sales.
Profit is never calculated as a percentage of cost. Trotbots calculation will give you the "Mark up" which is completely different from Profit.