Math CentralQuandaries & 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?


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,

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