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 Question from Nomar, a student: Cost Price is $556,109.64 and Selling price is$ 1,020,936.00, What is the Profit Percentage?

Hi Nomar,

If the cost is $556,190.64 and the selling price is$1,020,936.00 then the profit is $1,020,936.00 -$556,190.64 = $464,826.36. When we hear profit expressed as a percentage it is usually as a percentage of the selling price. In this case that would be$464,826.36/\$1,020,936 × 100 = 45.53%.

To make it absolutely clear I would say the profit is 45.53% of the selling price.

Harley

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