Let say I have something I want to sale, and it cost me $2.75 and I want to make 30% prophet. how can I calculate that??
2006-12-21 14:53:05 · 5 answers · asked by Feras 1 in Science & Mathematics ➔ Mathematics
2.75*0.3
=$0.825
=82.5cents profit
2006-12-21 14:56:52 · answer #1 · answered by raj 7 · 0⤊ 0⤋
If you want to make a 30% profit, the magic number you want to make is (1.30) times the price you paid.
The trick is to multiply the number formed by "one point percent"; that is, the digits involved in your percent (in this case, 30) go after the 1 in the decimal. If you wanted a 20% profit, you'd multiply by 1.20, and if you wanted a 1% profit, you would multiply by 1.01. You would treat ALL single digit percents as two digits, and would add a leading 0.
All you have to do is multiply your price by 1.30.
(1.30)(2.75) = 3.575
However, since we really only calculate money to two decimal places, you would round that up to 3.58 to take full advantage of the 30% profit.
Therefore you need to sell your item at $3.58 to make a 30% profit.
2006-12-21 14:59:13 · answer #2 · answered by Puggy 7 · 0⤊ 0⤋
You can buy some clay with the $2.75 and make a Jesus doll. Cut 70% of it off and you have a 30% "Prophet". You could do the same with any other "Prophet" doll.
2006-12-21 15:00:10 · answer #3 · answered by Rajan S 1 · 0⤊ 1⤋
cost = $ 2.75
profit % = 30
Selling Price = 2.75 * (130/100)
= 2.75 * 1.3
= $ 3.575
2006-12-21 15:40:47 · answer #4 · answered by george t 2 · 0⤊ 0⤋
multiply by 1.30
2006-12-21 17:40:14 · answer #5 · answered by Renaud 3 · 0⤊ 0⤋