Subject: calculate profit

If I sell something for $75; and my cost is $40, I make $35 profit. How do I calculate the profit percent I made on that transaction?
Thanks



Hi Allison

To interpret a statement about percent you need to ask "percent of what?" If you want the profit as a percentage of what it cost you then it is

 35/40 x 100 = 87.5% If you want the profit as a percentage of what you sold it for then it is  35/75 x 100 = 46.67%

Penny
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