 |
| ||
| |||
|
| Math Central | Quandaries & Queries |
|
Question from Debbie: If my cost on an item is $32.00 and I want to make a 50% profit- What would the retail be? |
Debbie,
It depends on what you mean by 50% profit.
If your profit is 50% of your cost then your profit is 0.50 × $32.00 = $16.00 so the retail price would be $32.00 + $16.00 = $48.00.
If your profit is 50% of your retail price then your cost is also 50% of your retail price so the retail price is twice the cost or $64.00.
I hope this helps,
Penny
| ||
| ||
| ||
 |
 |
|
Math Central is supported by the University of Regina and The Pacific Institute for the Mathematical Sciences.