.
.
Math Central - mathcentral.uregina.ca
Quandaries & Queries
Q & Q
. .
topic card  

Topic:

fit

list of
topics
. .
start over

115 items are filed under this topic.
 
Page
1/1
Joining a fitness center 2016-12-18
From Salem:
A fitness center offers a special price for group-class students. The cost of registration is 30 dollars and then you have to pay 25 dollars per month. What is the rule of the equation in the light of
c=---m+----?

Answered by Penny Nom.
Profit and loss on two shirts 2016-12-06
From Mahesh:
A man purchases one shirt and one T-Shirt for Rs. 6000. He sells the shirt at a profit of 20% and T-Shirt at a loss of 10%, as a result he gains 2% on whole transaction. what is the cost price of the T-Shirt ?
Answered by Penny Nom.
Profit 2016-06-15
From Toyia:
12.87 profit from 21.99 sale. What is the percentage that was taken off the 21.99
Answered by Penny Nom.
The amount before profit and overhead 2015-06-12
From kelly:
I have an existing amount of $22,750.00. this includes the profit at 10% and overhead at 10%. How do I remove the profit and overhead in order to come up with the original starting figure?
Answered by Penny Nom.
A word problem 2015-05-08
From JAMES:
A businessman bought a number of similar articles for a total of sh. 6000. Three of the articles turned out to be defective with no resale value. He sold the remaining articles at 12.5% each above the cost price making a total profit of sh 480. How many articles had he bought?
Answered by Penny Nom.
Selling items at a reduced price 2015-01-09
From Kent:
I have an item I sell for $19.95 and make a profit of $10.97 for each sale. If I reduce the price to $14.97, my profit is $5.99 each sale. Is there a formula to determine how many more I would need to sell at $5.99 per sale to make the same net cash (profit) as selling at $10.97 per sale?
Answered by Penny Nom.
30% profit 2014-12-05
From Lyn:
I would like to know a formula that I would use on a standard calculator to calculate a 30% profit margin on an item. If I purchased an item at $7.70 how would I calculate 30% profit for me, not just 30% mark up?
Answered by Penny Nom.
Ratios ond percents 2014-08-13
From aswathi:
if the ratio of cost price and selling price of an article is be as 10:11,the percentage of profit is
Answered by Tyler Wood.
Profit 2014-06-14
From roudha:
find the profit of one item if it was bought for AED 180 and sold for AED 275. assume that the additional costs are AED 25 .
Answered by Penny Nom.
Profit and loss 2014-04-29
From Anoushka:
A man sells two tables of the same price. On one he makes a profit of 10 percent and on the other he suffers a loss of 10 percent.Find his loss or gain percent on the whole transaction.
Answered by Robert Dawson.
What was the selling price? 2014-04-25
From Con:
Apple built 40 32GB wifi iPads, gave away two in a contest, and sold the rest at two times the manufacturing price. If the company's total profit was $10,782, what is the selling price of one of these iPads?
Answered by Penny Nom.
Three investment partners sharing the profit 2014-02-22
From Ayatullah:
Hello;

We are three partners and bought a property at 2050000 and sold at 2300000.
Details of investment of the partners
X= 1500000
Y= 400000
Z = 150000

My questions are
1) How could i calculate percentage of investment of each partner?
2) How could i deduct 30% commission from each partner in profit?
3) How could i distribute the profit amongst the partners?


Thanks in advance

Answered by Penny Nom.
Profit as a percentage 2014-01-04
From Dane:
If i brought a card for £5 and sold it for £10 what is my profit percentage? 50% or 100%
Answered by Penny Nom.
25% profit 2014-01-02
From Finn:
Hello,
The question is all about buy-and-sell business.
Problem:
Pencil - $6 for whole sale price
     $8 if I sell the item How do I get the 25% profit? (you can change the whole sale price and the retail price[if i sell the item])
if I buy the pencil at 24 pieces and sell it at 24 pieces.

Answered by Penny Nom.
Price, revenue and profit 2013-09-22
From lorraine:
What price maximizes revenue? What price maximizes profit?

The only data I'm given is total output, total revenue, and total cost. I'm not sure how to set up a formula

Answered by Penny Nom.
Profit margin 2013-05-06
From Arron:
I have the retail price of $45.50. This price reflects a gross profit margin of 47%. How do I calculate the original cost of the item?
Answered by Penny Nom.
A markup followed by a discount 2013-03-23
From edward:
A shopkeeper marks his goods to gain 35%. He allows 10% discount for cash payment. What is his profit percent when he sells the goods for cash?
Answered by Penny Nom.
Percent profit: State exam question 2013-03-12
From tony:
which is the correct way to figure 30% profit?
1)
1000 product
500 labor
50 permit
1550 total cost
1550x1.3=2015

2)
1000 product
500 labor
50 permit
1550 total cost
1-.3=.7
1550/.7=2214

Answered by Harley Weston.
state exam question 2013-03-12
From tony:
which is the correct way to figure 30% profit?
1)
1000 product
500 labor
50 permit
1550 total cost
1550x1.3=2015

2)
1000 product
500 labor
50 permit
1550 total cost
1-.3=.7
1550/.7=2214

Answered by Harley Weston.
Your profit should be 20% of your cost 2013-02-21
From anis:
if the customer says your profit should be 20% of your cost..

1) my selling value should be cost +20% of cost = SP

or

2)cost / 0.80 = SP which is correct...if the second answer is right how should i justify my customer

Answered by Penny Nom.
Maximize profit 2013-01-19
From Chris:
A firm has the following total revenue and total cost function.
TR=100x-2x^2
TC=1/3x^3-5x^2+30x
Where x=output
Find the output level to minimize profit and the level of profit achieved at this output.

Answered by Penny Nom.
How much should I price the earrings? 2012-11-13
From Sharon:
I want to sell some earrings and make a $12.00 profit on them I have to pay a 35% commission on them. How much should I price the earrings?
Answered by Penny Nom.
Profit 2012-10-05
From kathie:
find the profit income is $500 expenses $120
Answered by Penny Nom.
Profit and discount 2012-09-24
From ally:
A wholesaler purchased a wheat for $150 per tonne.He sold it at $170 per tonne.Calculate the percentage profit to (1 decimal place)if the wholesaler offered a 12% discount on the selling price.What could be the new selling price?
Answered by Penny Nom.
A profit of 35% 2012-09-07
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?
Answered by Penny Nom.
John's electronic store 2012-07-25
From Jora:
Electronic Store John opened an electronic store in December. During his first month, He sold 10 LCD TVs and 20 Plasma TVs. His income during that month was $12800. In January, he sold 25 LCD TVs and 40 Plasma TVs for an income of $27600. In February he projects to sell 30 LCD TVs and 50 Plasma TVs. If John expenses are $28900 in February, how much money will he have after paying the expenses?
Answered by Penny Nom.
Sharing the profit 2012-05-14
From Mafiza:
A and B started a business by investing $6000 and $8000 respectively. At the end of the year, a profit of $2100 is made. How much amount will A get as his share of profit?
Answered by Penny Nom.
Profit as a percent 2012-04-14
From Anson:
The cost price of a CD is $50 and its marked price is $105. If the selling price is $88, find the profit percent.
Answered by Penny Nom.
An increase/decrease in profit 2012-03-13
From Thanikasalam:
It is understood that increase/decrease in profit for current year compared to the previous year is done by the formula (x-y)/y, with x=profit on current year and y=profit on previous year. How do we derive this formula?

If we work on this formula of calculating increase/decrease in profit, we get x/y-1

* = (x-y)/y
= x/y - y/y
= x/y - 1

How do you justify the 1 in the equation above. How to derive the formula and how do i prove it?

Answered by Penny Nom.
What was the cost price of the article? 2011-11-10
From tashana:
By selling an article for $320,the profit was 20% of the cost price.what was the cost price of the article.
Answered by Penny Nom.
Dividing the profits 2011-04-19
From Tracy:
I need to know how to come up with the answers to the following problems. I need to be able to show my work. So can you help me on how to come up with the answers to questions like these. Thanks.

Three individuals form a partnership and agree to divide the profits equally. X invests $9,000, Y invests $7,000, Z invests $4,000. If the profits are $4,800, how much less does x receive compared to having the profits divided in proportion to the amounts invested by X, Y, and Z?

In printing an article of 48,000 words, a printer decides to use two sizes of type. Using the larger type, a printed page contains 1,800 words. Using a smaller type, a page contains 2,400 words. The article is allotted 21 full pages in a magazine. How many pages must be in smaller type? ___________

thank you

Answered by Penny Nom.
Administration costs and profit 2011-04-05
From brian:
Hi , If I have direct job costs of $100. and my administration is 20 % and I want to make a 15 % profit , how would I calculate the administration and profit and what would be the total of each be and also the final total?

Thanks,
Brian

Answered by Penny Nom.
I need to make $1000 profit 2011-03-28
From Kat:
I need to make $1000 profit selling plants for $3 each. My direct cost is $2 per plant and my overhead is $5oo. How many pots (plants = 1 per pot) do I need to make $1000?
Answered by Penny Nom.
Profit as a percentage 2011-01-17
From Connie:
I am trying to determine the profit margin on selected items. ex: A bottle of juice costs me $.70, I sell it at $3.75. How can I determine what my profit percentage is?
Answered by Penny Nom.
Profit as a percent 2010-12-19
From gaurav:
In the following, which calculation is right to calculate the profit percent.
if profit is 20%- 100*1.2 = 120
if profit is 20%- 100/0.8 = 125?

Answered by Penny Nom.
A 35% profit 2010-11-19
From Ana:
You have a stamp collection and make a 35% profit by selling it on E-Bay for $2700. Find the original cost of the collection by using the formula:New value × 100 / 100 + percent change = Original value
Answered by Stephen La Rocque.
I want to make a 50% profit 2010-10-29
From Debbie:
If my cost on an item is $32.00 and I want to make a 50% profit- What would the retail be?
Answered by Penny Nom.
20% profit on the selling price 2010-09-24
From ata:
My cost is 100 and I want to make 20% profit on my selling price (not 20% of the cost). So, what should be calculation formula? Let's say my cost is 493.71 and I want to make 53.28% profit on the selling price; so how to determine the selling price?
Answered by Penny Nom.
A fruit seller 2010-07-31
From Nazrul:
5% of total number of fruits of a fruit seller has been rotten and also 5% of them has been damaged during transportation. What is the percentage profit by which he sells the rest so that he profit 20% as a whole?
Answered by Penny Nom.
Selling price, cost and profit 2010-06-22
From Alex:
The profit on a certain television set is 16.5% of the cost price. If the profit is $330, Find:
a) the cost price
b)the selling price of the television

Answered by Penny Nom.
Profit 2010-04-21
From joyann:
a Raleigh road runner 16" unisex bike which cost $892 was sold for $1052.56 calculate
A. the profit made on the bike
B. the percentage profit

Answered by Penny Nom.
Fitting a sofa through a doorway 2010-04-06
From Yvonne:
Hi, I would be most grateful if you could help me, because I have no idea how to work this out! I am moving from a house to a flat, and the doors in the flat are 70 cm wide. I have a sofa 88 x 88 x 215. Will it go through the door if we tip it sideways at an angle?

Thanks, Yvonne Beck

Answered by Robert Dawson.
15% profit 2010-02-21
From daviann:
calculate the cost price,given
selling price=$304
percentage profit=15%
what is the answer?

Answered by Penny Nom.
Profit increase from 10% to 15% 2010-01-03
From taha:
A shopkeeper sold a pen for $13.20 to a make a profit 10 percent.In order to earn a profit of 15 percent,he should have sold it for?
Answered by Penny Nom.
Maximize profit 2009-11-14
From Willie:
Profit is the difference between Total Revenue and Total Cost. Therefore, to MAXIMIZE PROFIT you must maximize Total Revenue. True or False? Explain answer.
Answered by Penny Nom.
Fitting the curve y=a*exp(b*x)+c 2009-08-12
From aika:
Could one show me the complete algorithm and formula for finding the coefficients (a,b, and c) in exponential regression model y=a*exp(b*x)+c
Answered by Robert Dawson.
Selling fish 2009-07-22
From Hemantee:
A fishmonger bought 150kg of fish. he sold 70%of it at the price of Rs90 per kg and the rest at Rs 75 per kg. he made a profit of 42.5 per cent. how much did he pay for the fish.
Answered by Penny Nom.
Profit as a percentage 2009-07-15
From Jay:
If I buy an item for $3.00 and sell it for $6.00. What is my percentage of profit?
Answered by Penny Nom.
Profit margin 2009-05-26
From andreya:
what is the profit margin of a business that spends $200 in order to make $1000
Answered by Penny Nom.
Maximum profit 2009-05-11
From Sally:
a manufacturer of dresses charges $90 per dress up to 100 units and the average production cost is $60 per dress. to encourage larger orders the company will drop the price per dress by .10 for orders in excess of 100. I need to find the largest order the company should allow with the special discount to realize maximum profit.
Answered by Harley Weston.
Profit as a percent 2009-03-26
From Danny:
If I have something that cost me .38 and I want to sell it for $1.00 what is my profit % on this item
Answered by Robert Dawson.
The optimal retail price for a cake 2009-03-25
From Shawn:
Your neighbours operate a successful bake shop. One of their specialties is a cream covered cake. They buy them from a supplier for $6 a cake. Their store sells 200 a week for $10 each. They can raise the price, but for every 50cent increase, 7 less cakes are sold. The supplier is unhappy with the sales, so if less than 165 cakes are sold, the cost of the cakes increases to $7.50. What is the optimal retail price per cake, and what is the bakeshop's total weekly profit?
Answered by Robert Dawson.
How much did the statue originally cost him? 2009-02-06
From Debra:
Jim is able to sell a hand-carved statue for $670 which was a 35% profit over his cost. How much ded he statue originally cost him?
Answered by Penny Nom.
Calculating markup 2009-02-03
From Tonya:
I'm trying to figure out the formula for the following, I have a product that I want to receive a certain profit, but with this product I also have to pay a percentage of commission to someone. I need to know how to calculate my new selling price taking into account the markup percentage, but I don't want my cut to be lowered. I have calculated the markup percentage to get my new selling price with the commission, but it lowers my cut once I pay the commission and I don't want it to do that. Thanks
Answered by Penny Nom.
A T-shirt fundraiser 2009-01-11
From Andre:
Lou's class is selling T-shirts for a fundraiser. The supplier charges 750$ for the initial design and the set-up plus 5$ for each imprinted shirt. The students sell the shirts for 15$ each.
a)How many T-shirts do the students need to sell to break even?
b)How much profit will the students make if they sell 150 shirts?

Answered by Harley Weston.
30% profit 2009-01-06
From bob:
this is a basic question that I just can't get thru my head.

I know all my cost for a product, if I want to sell at a given profit can I divide by a given number, example for 30 % divide by .7 or do I multiply? Is there a simple answer for this? Sure would make my work a lot easier.

Thank you for your time

Puzzled in Ohio

Answered by Penny Nom.
Profit as a percentage 2008-11-21
From Nomar:
Cost Price is $ 556,109.64 and Selling price is $ 1,020,936.00, What is the Profit Percentage?
Answered by Harley Weston.
How much does Luc pay for his tools?? 2008-10-20
From imran:
Luc makes $1 profit on each tool he sells. Marc makes a $2 profit while paying $5 less for his tools than Luc. Marc thus makes $6 more profit for every $100 invested. How much does Luc pay for his tools??
Answered by Penny Nom.
I need an equation that best fits these numbers. 2008-09-03
From Vallatini,:
Attached, please find a plotted curve (pdf file). I have pulled values from this curve (see below). I need an equation that best fits these numbers. Can you help?
Answered by Harley Weston.
Profit as a percentage 2008-07-08
From ANNORIS:
Question from annoris, a student:

How to calculate percent of profits using step by step division formula.
I know how to get the profit.
Selling cost was $15.00
Cost amount was $10.00
Total profits its $ 5.00.
But i do not know how to get the percent because i dont know how to divide to well . Can you helppppppp me ?

Answered by Penny Nom.
A net profit of 4% on a sales volume of $100 million 2008-07-07
From Muriel:
If a firm has a net profit of 4% on a sales volume of $100 million and the company has instituted logistics programs that result in cost savings of $1 million, what equivalent sales increase would be required to equal such a cost savings?

What I do know is that the net profit % has increased from 4% to 5% and the profit has gone from $4,000,000 to $5,000,000 but I have no idea what the formula is to figure out how much sales would have to increase to result in that same profit.

Answered by Janice Cotcher.
30% profit 2008-06-19
From Julie:
how do i calculate the price per person that will return a 30% profit on the sales revenue generated?
Answered by Penny Nom.
Selling price 2008-05-10
From Roxane:
I'm trying to figure out the formula for the following, I have a product that I want to receive a certain profit margin, but with this product I also have to pay a percentage of commission to someone. I need to know how to calculate my new selling price taking into account the markup percentage, but I don't want my gross margin to be lowered. I have calculated the markup percentage to get my new selling price with the commission, but it lowers my profit margin once I pay the commission and I don't want it to do that.
Answered by Penny Nom.
How many presses should be used? 2008-05-04
From Sarah:
Hi! I am in Calculus and this problem is on my study guide and i just cant figure it out!? A printing company had eight presses, each of which can print 300 copies per hour. It costs $5.00 to set up each press for a run and 12.5+6n dollars to run n presses for an hour. How many presses should be used to print 6000 copies most profitably? Let h equal the number of hours used to print the 6000 copies.
Answered by Harley Weston.
The profit was what percent of the cost? 2008-02-29
From sierra:
The profit was what percent of the cost?
Here is some more of that whole problem.
Selling Price-$26.60
Discount-$6.65
Sale Price after the Discount-$19.95
The Profit-$5.95

Answered by Penny Nom.
What percent profit is this? 2008-02-07
From Vanessa:
Mrs Henderson buys a chair for $215.00 and later sell the chair for $336.00 what percent profit is this?
Answered by Penny Nom.
Total profit 2008-02-03
From Rhonda:
I help to manage a concession stand. We sell a variety of items. Some have a profit of 60%, some 80%, etc. We have done nothing scientific to choose our prices. We just try to stay in the ballpark of schools around us. Our administrator wants to pay those that run the concession stand a percent of what is in the cash box after start-up money is taken out. We have some gathered some data (not much) on how many of each item we sell and can certainly calculate percent profit. Is the profit for the entire concession stand a weighed average? I'm thinking (% profit on candy)(number candy sold) + (percent profit nachos)(number nachos sold) + (percent profit pop)(number pop sold), etc. Will this work? Does the AMOUNT of profit for these different items need to be figured-in? Hmmm. . .
Answered by Victoria West and Harley Weston.
Profit percentage (markup and margin) 2007-12-18
From Laura:
If my husband says he sold $11,000 worth of tools and made $1400 on the deal, what is the percent of profit?
Answered by Stephen La Rocque.
How many houses must they paint? 2007-12-12
From Natalie:
The question is: Four boys work together,painting houses for the summer.For each house they paint they get 256 pounds. If they work for four months of the summer and their expenses are 152 pounds per a month, how many houses must they paint for each of them to have one thousand pounds at the end of the summer?
Answered by Penny Nom.
Maximize his profit 2007-11-12
From apoorva:
During the summer months Terry makes and sells necklaces on the beach. Last summer he sold the necklaces for $10 each and his sales averaged 20 per day. When he increased the price by $1, he found that he lost two sales per day.

a. Find the demand function, assuming it is linear.
b. If the material for each necklace costs Terry $6, what should the selling price be to maximize his profit?

Answered by Penny Nom.
Maximize profit 2007-10-22
From Dina:
A meat market purchases steak from a local meat packinghouse. The meat is purchased on Monday at a price of $2 per pound, and the meat market sells the steak for $3 per pound. Any steak left over at the end of the week is sold to a local Zoo for $0.50 per pound. The demand for steak and the probabilities of occurrence are as follows: Demand Probability
      20          10%
      21          10%
      22          15%
      23          20%
      24          20%
      25          15%
      26          10%
Determine the amount of stock to maximize the profit. Draw the graph and explain.

Answered by Penny Nom.
Maximizing profits II 2007-10-05
From a student:
Suppose there are three firms with the same demand function. The function is Q=1000-40P. Each firm also a a cost function.
Firm 1: 4000+5Q, Firm 2: 3000+5Q, Firm 3: 3000+7Q.
What price should each firm charge if it wants to maximize profits.

Answered by Harley Weston.
Maximizing profit 2007-10-05
From a student:
Use the following equation to demonstrate how a firm that produces at MR=MC can also maximize its total profit. The equations to use are P=170-5Q TC=40+50Q+5Q^2
Answered by Harley Weston.
Twenty dining tables 2007-08-13
From priya:
Utkarsh bought 20 dining tables for Rs 120000 and sold these at a profit equal to the S.P of 4 dining tables.Find the S.P of one dining table.(give the answer in statements)
Answered by Stephen La Rocque.
Splitting the profits unequally 2007-06-27
From Maci:
We recently hosted a fundraiser. Not everyone will receive a whole share of the profits because they did not participate the entire time. Several will receive only 1/2 or 1/3 share. How do I divide the profits?
Answered by Stephen La Rocque.
Selling price and revenue 2007-06-24
From nick:
hello, this is my first time asking for help from this website in which by the way, i think is great for everyone. My question is as follows... the relationship between the selling price of a sleeping bag, s dollars, and the revenue at that selling price, r(s) dollars is represented by the function: r(s)= -10s^2+1500s
evaluate, interpret, and compare: a) r(29.95)

Answered by Stephen La Rocque and Penny Nom.
Fractions, decimals and profit 2007-05-29
From fatima:
how can i change a fraction into a decimal and how do i change a decimal into a fraction................
anther question please what does making a profit have to do with percentage change!!!!!!

Answered by Penny Nom.
How much did it originally cost? 2007-04-04
From Megan:
My question is simple:

"-Jim is able to sell a hand-carved statue for $650 which was a 35% profit over his cost. How much did ie originally cost?"

I don't even know where to start could you help?

Answered by Penny Nom.
How to calculate margin of profit???? 2007-02-03
From A student:
If cost price is Rs. 100/- and our selling price is 139/-. I want to know the gross profit & how much margin in this????
Answered by Penny Nom.
Maximizing profit 2007-01-23
From Denise:
Total Profit= Total Revenue-Total Cost P(x)=R(x)-C(x) Where x is the number of units sold. Find the maximum profit and the number of units that must be sold in order to get that profit. R(x)=5x C(x)=.001x^2+1.2x+60
Answered by Stephen La Rocque.
Percentages 2006-11-23
From Hyaqcinth:
I just do not understand percentages...if the cost of a product is $1.20, how can I make a profit of 55% ? how do I calculate this problem?
Answered by Stephen La Rocque.
Profit margin 2006-11-22
From Kris:
I just started a new sales position and need to calculate profit margins based on my cost of a given product. For example I have a piece of equipment that costs me $102,077.73. I need to figure a profit margin of 18% from cost to arrive at my sale price. What is the best way to do this?
Answered by Penny Nom.
Profit margin 2006-11-04
From Beverly:
Our costs to make a product is $73.00. We want to sell this product and make a 30 percent profit margin. What is the selling price? What is the simple formula to follow? Is there a chart we can go to that shows us these percentage of profit breakdowns
Answered by Penny Nom.
Selling Price using Profit Margin 2006-10-29
From Chris:
What is the selling price of my inventory, find using the profit margin? Inventory A costs $2,300. The profit margin is 55% Inventory B cost is $4,500. The profit margin is 210%.
Answered by Penny Nom.
How much labor should the firm employ? 2006-10-28
From Christy:
A dressmaking firm has a production function of Q=L-L(squared)/800. Q is the number of dresses per week and L is the number of labor hours per week. Additional cost of hiring an extra hour of labor is $20. The fixed selling price is P=$40. How much labor should the firm employ? What is the resulting output and profit? I am having a difficult time with this, HELP!
Answered by Stephen La Rocque.
How many items must the company produce to begin to make a profit? 2006-09-24
From Devon:
The profit a manufacturing company makes can be found using the formula P=120n - n^2 - 2200 How many items must the company produce to begin to make a profit?
Answered by Stephen La Rocque.
What is the original cost? 2006-04-19
From Charlie:
Selling a piece of furniture for $670 and the profit is 35%. What is the original cost?
Answered by Stephen La Rocque.
What is the cost price? 2006-04-14
From Purushotham:
If the selling price is 120 and the profit is 20%, what is the cost price?
Answered by Stephen La Rocque.
An octagon shaped soffit 2006-04-08
From Ken:
I am trying to make an octagon shaped soffit in my ceiling and need help figuring how to divide the circle on the ceiling into an octagon- The circle is 7 foot in diameter.
Answered by Penny Nom.
Gross profit as a percentage 2006-03-18
From Mark:
How do I calculate the gross profit by percentage on and a product I purchased for $23.80 marked up 45% sold for $34.51 = profit of $10.71 GP by percentage????????
Answered by Penny Nom.
Profit 2006-03-11
From Wendy:
If I have a product I have bought for 33.58 and I mark it up by 30% sell at 43.65 how do I work out the gross profit.
Answered by Penny Nom.
Profit 2006-02-25
From Vernessa:
ABC company wants to sell enough products to earn a profit of $40,000, if unit sales are $10 and variable costs $8 , fixed cost $80,000 how many units must be sold to earn a profit of $40,000.
Answered by Penny Nom.
Victor's profit 2006-02-13
From Millie:
victor is trying to make money buying and selling cars. he saved up and buys a car for $2500 and then sells it for $4327.he then buys another car using 2/3 of his profit and sells it for twice what he paid for it. how much money did victor make during these transactions?
Answered by Steve La Rocque.
Our client wants to make 25% from their sale... 2006-01-24
From Noelle:
I need to figure out how to figure pricing for our clients. If our client wants to make 25% from their sale and they purchase it from me for $35.95, how do I figure what their cost is?
Answered by Penny Nom.
Profit of more than 100% of cost 2005-06-22
From sam:
I know I can work out what percentage profit I am making by : profit/cost x 100, and I can work out up to 99% profit (the way I currently calculate it is profit x 1.99) But how do I work out any amount over 100%, say for instance I have something that costs me $0.52 that I wish to sell for 250% profit?
Answered by Penny Nom.
20% profit 2005-06-12
From Shawn:
If I know that I will be paid, say, $150.00, for labor, and I want to make 20% profit on what I pay for the labor, what is the calculation and factoring process?

I see it like this

(x*.2)+x = 150

but I don't know how to factor it out from there.

Answered by Penny Nom.
40% profit 2005-04-19
From Carol:
Could you please tell me the formula to calculate for example a 25% profit on cost. I.e a sandwich cost .75p for the cost of ingredients, I wish to make a 40% profit on that cost so what do I multiply and divide it by to arrive at the selling price in order to achieve a 40% profit?
Answered by Penny Nom.
Profit 2005-01-10
From Abraham:
The profit a coat manufacturer makes each day is modeled by the equation P(x)=-x2+120x-2000, where P is the profit and x is the price for each coat sold.For what values of x does the company make a profit?
I don 't understand this problem(how to do it) and hope you can help me.

Answered by Penny Nom.
Maximize income 2004-10-24
From Connie:
A company that sells x units of a product generates an income (I, in dollars) which is a function of x. The income generated is described by the equation

I = (-1/2)x^2 + 100x.

Discuss how to determine the number of units that must be sold so that the company can maximize its income. What is the maximum income?

Answered by Penny Nom.
Profit, markup and discount 2004-02-22
From Kick:
Using the calculation on your website, if I sell something for $885 and my cost is $296, I make $589 profit. How do I calculate the profit percent I made on that transaction?

Profit as a percentage of what it cost me?
Profit as a percentage of what I sold it for?

Answered by Penny Nom.
Profit 2004-02-12
From Mohamed:
if i bought some thing with 100$ and the saller told me that his profit was 30% how can i know the actual price of the good
Answered by Penny Nom.
Making a windmill 2004-01-02
From Matthew:
I am a farmer in Ontario. It has been almost 20 years since high school. I am toying with making a windmill. The output chart for the the old generator I have is shown below. Before I tear it appart I would like to develop a formula from the chart that can predict the output at various speeds.
Answered by Penny Nom.
Room and board fees 2003-11-29
From Jennifer:
A certain university wishes to determine room and board fees for the next academic year. For the current year, the fee is $3600 per student and 1800 students are living in the residence halls. Past data suggests that for every $300 increase in the semester fee, 200 fewer students will choose to live in the dorms. There are also costs to the university associated with the residence halls. The fixed costs total $2,000,000 per semester. the variable costs are currently $1000 per student but will fall $100 per student for each decrease of 100 students. Your task is to help the university determine the optimal fee. Assume linear relationships between the number of students and the fee and between the number of students and the cost per student
Answered by Penny Nom.
Markup, profit and margin 2003-11-24
From Ali:
I have question regarding Margins, Markups and Profit Purchase price = $ 10.00
Margin or Markup ?? = 40 %
Therefore Selling Price = 10/0.6 = $ 16.67
Profit ? = (16.67-10)/10 *100 = 66.67%
or is the profit = (16.67-10)/16.67*100 = 40 %
Can you please clarify What is Margin, Markup and Profit

Answered by Penny Nom.
Profit margin 2003-09-03
From Chet:

My salesman calculates a customers profit margin by dividing what the customer paid by what he sells for, then subtracting that answer from 1. For example a customer sells a product for $15. He bought it for $10. 15/10=.66 Subtract that from 1 and get a profit % of 33%

Here's my question: If I want to figure what a reseller will sell a product for if he wants 40% margin(by the technique above), what formula do I use? Let's say I want to sell a product for 8.50, and I want the reseller to make 40%


Answered by Penny Nom.
Profit for a dance studio 2003-04-28
From Craig:
A dance studio charges $80 per student for a series of 2 hour lessons. The studio's costs are $30 per hour for the instructor, $15 per lesson for the room rental, and $3 per student for miscellaneous expenses. If x is the number of students enrolled in the class, express the studio's profit P(x) in terms of x. Find the profit if 10 students are enrolled in the class.
Answered by Penny Nom.
Performance reviews 2002-11-21
From Lara:
Perhaps you can help.

He's doing performance reviews at work.

The average performance review is 3.92 on a 5.0 scale. This person would receive a 3.5% raise for next year.

The highest performance review is 4.9 and this person would recieve a 6.0% raise for next year.

How do I solve for the other performance review numbers.


Answered by Penny Nom.
Sole Mates Shoes 2002-08-19
From Robert:
Sole Mates Shoes has expenses of $9,592 per month. What must the store's total income be if it is to make a profit of 12%?
Answered by Penny Nom.
Calculate profit 2002-04-13
From Allison:
If I sell something for $75; and my cost is $40, I make $35 profit. How do I calculate the profit percent I made on that transaction?
Answered by Penny Nom.
Maximize profit 2001-05-09
From Brian:
The marginal cost for a certain product is given by MC = 6x+60 and the fixed costs are $100. The marginal revenue is given by MR = 180-2x. Find the level of production that will maximize profit and find the profit or loss at that level.
Answered by Harley Weston.
Delivering firwood 2001-02-20
From Jackie:
Two college students earn extra money on weekends by delivering firwood in thier pickup truck. They have found that they can sell x cords per weekend at a price of p dollars per cord, where x=75-3/5 p. The students buy the firewood from a supplier who charges them C dollars for x cords to the equation C=500+15 x+1/5 x2.

a) find a function f such that P=f(p), where P dollars is the profit per weekend for the students if they charge p dollars per cord.

b)find the profit P dollars if p=$95

Answered by Penny Nom.
64.5% profit 2001-01-12
From Ethel:
IF I PURCHASE AN ITEM FOR $2.00 AND I WANT TO RESELL IT WITH A MARGIN OF GROSS PROFIT OF 64.5% WHAT FORMULA DO I USE TO ARRIVE AT THAT RESELL FIGURE?
Answered by Penny Nom.
Pillows and Cushions 2000-09-27
From Fiona:

The following problem was given to grade eleven algebra students as a homework assignment. To manufacture cushions and pillows, a firm uses two machines A and B. The time required on each machine is shown. Machine A is available for one full shift of 9.6 hours. Machine B is available for parts of two shifts for a total of 10.5 hours each day.
Answered by Harley Weston.

Fitting a Curve 1999-01-19
From Kirk Doward:
Hello my name is Kirk from Scarborough, Ontario.

I have been out of a formal education system for thirty years. I program microcontrollers in my spare time. I have built a temperature sensing device ready to go but, thermistors are very non-linear. I do know that there is a way to calculate the input condition of the thermistor and display the correct temperature in degrees C. I am sending a file to show my progression so far.
Answered by Harley Weston.

Calcul dun profil fictif 2005-09-29
From Mr madry loïc:
je suis actuellement en formation pour devenir dessinateur projeteur en BTP ; je rencontre un problème vis à vis d'une égalité qui normalement devrait mettre acquise ( elle doit être issue de thalès ou de l'égalité des proportion ?) cependant, je n'arrive pas trouver le fondement de cette égalité. pourriez vous m'aider à éclaircir cette relation fondamentale afin de poursuivre mon étude sur le calcul de profil en travers (pour les travaux publics) .
Answered by Claude Tardif.
 
Page
1/1

 

 


Math Central is supported by the University of Regina and The Pacific Institute for the Mathematical Sciences.

CMS
.

 

Home Resource Room Home Resource Room Quandaries and Queries Mathematics with a Human Face About Math Central Problem of the Month Math Beyond School Outreach Activities Teacher's Bulletin Board Canadian Mathematical Society University of Regina PIMS