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| Math Central | Quandaries & Queries |
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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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