If Item X cost a retailer 1350 to purchase, and they sell it for 1700, how do I find the % profit? I'm lost!

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If Item X cost a retailer 1350 to purchase, and they sell it for 1700, how do I find the % profit? I'm lost!

2007-04-03 13:43:25 · 2 answers · asked by Bobby S 1 in Business & Finance ➔ Other - Business & Finance

2 answers

The profit margin on the item would be 20.59%.

2007-04-03 13:48:40 · answer #1 · answered by homertorpedo 3 · 0⤊ 0⤋

Subtract the purchase price from the selling price, devide the profit by the selling price and it should give you percentage of profit. In this case .205 expresses as 20.5%. How ever in real life you have to include a percentage of the other expenses in selling - shop rental, wages, power, delivery costs, etc before you can work out real profit.

2007-04-03 20:57:20 · answer #2 · answered by Barb Outhere 7 · 0⤊ 0⤋