Question

Hi! Kindly give me the formula for finding the percentage of profit.

Answer 1

Step-by-step explanation:

Given:

• Profit P and selling price Sp

Find cost price Cp first:

• Cp = Sp - P

To find the percentage profit divide the profit by the cost price and multiply by 100%:

• P% = P/(Sp - P)*100%

Answer 2

When the selling price and the cost price of a product is given, the profit can be calculated using the formula, Profit = Selling Price - Cost Price. After this, the profit percentage formula that is used is, Profit percentage = (Profit/Cost Price) × 100.