What is profit and how do you calculate profit?
Profit is the leftover amount of revenue after costs are taken out.
To calculate profit margin and calculate profit markup, use these profit
Profit Margin % = [ ( Sales Price - Cost ) / Sales Price ] x 100
Profit Markup % = [ ( Sales Price / Cost ) - 1 ] x 100
Example: With a cost of $8.57, and a sales price of $12.84:
Profit Margin % = [ ( 12.84 - 8.57) / 12.84 ] x 100
Profit Margin % = 33.26%
Profit Markup % = [ ( 12.84 / 8.57 ) - 1 ] x 100
Profit Markup % = 49.82%
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