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| Math Central | Quandaries & Queries |
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Question from Jack: If a product cost me $\$10.00$ and I want a profit of 35% what is my sell price? How do I figure the sale price to make a 35% profit on the sale? |
Hi Jack,
If you have a selling price of $\$P$ and your profit is 35% of $\$P$ then your cast is 65% of $\$P.$ Thus
\[0.65 \times \$P = \$10.00\]
Dividing both sides by $0.65$ gives
\[\$P = \frac{\$10.00}{0.65} = \$15.38\]
Penny
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