profit percentage

[dan no1]

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

[imd123]

�4.00 profit divided by �15.00 sale x 100 = 26.66% profit

[Trotbot]

It would be more typical to express the profit as a % of cost, so 4 devided by 11 times 100 = 36.36%

[iknowall30]

If you wish to be specific then read on:

�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.