Profit Calculation Help Needed

[shando]

Friends,

Pls help me to solve this issue

Can u pls mention on how to calculate the profit, profit % of an item?

I'm confused with this

Thanks

 

[*danushka*]

Friends,

Pls help me to solve this issue

Can u pls mention on how to calculate the profit, profit % of an item?

I'm confused with this

Thanks

If u sell something for $75; and your cost is $40, I make $35 profit.

If you want the profit as a percentage of what it cost you then it is
35/40 x 100 = 87.5%

If you want the profit as a percentage of what you sold it for then it is
35/75 x 100 = 46.67%

 

[mudrana]

it depends on item to item / service to service

Generally, cost + additional exp + profit %

 

[shando]

If u sell something for $75; and your cost is $40, I make $35 profit.

If you want the profit as a percentage of what it cost you then it is
35/40 x 100 = 87.5%

If you want the profit as a percentage of what you sold it for then it is
35/75 x 100 = 46.67%

Thanks bro

I'm stuck between the 2 options

So what is my exact profit?

 

[mudrana]

Thanks bro

I'm stuck between the 2 options

So what is my exact profit?

in this scenario your actual profit would be 46.67% since its the 35$ you earned from the sale.

 

[shando]

in this scenario your actual profit would be 46.67% since its the 35$ you earned from the sale.

suppose my cost is 27.72

my retail price is 40.00

and i want to give my customer a 10% discount, how much profit will i get?

 

[shando]

If u sell something for $75; and your cost is $40, I make $35 profit.

If you want the profit as a percentage of what it cost you then it is
35/40 x 100 = 87.5%

If you want the profit as a percentage of what you sold it for then it is
35/75 x 100 = 46.67%

can u pls be kind enough to explain the difference between these 2 options?

also can i get some good sites where i can learn these things?

it will be really helpful for me

thanks

 

[danukapeiris]

suppose my cost is 27.72

my retail price is 40.00

and i want to give my customer a 10% discount, how much profit will i get?

retail price = 40
discount= 4 (10% of retail price)
new selling price = 36
profit= 36-27.72= 8.28
profit percentage: 29.87%

normally you have the base on cost when calculating profits in costing ! but in financial accounting we are based on sales (sold value)

clear ?

 

[shando]

retail price = 40
discount= 4 (10% of retail price)
new selling price = 36
profit= 36-27.72= 8.28
profit percentage: 29.87%

normally you have the base on cost when calculating profits in costing ! but in financial accounting we are based on sales (sold value)

clear ?

that means if i sell the item for the retail price, my profit percentage will be

40-27.72=12.28
12.28/27.72=44.3% ????? if i give 10% benefit to the customer from my profit of 44.3%, my profit is 44.3-10%=34.3% or 29.87% as u said??

i'm confused with these things bro

pls help me to solve these issues and clear my mind

thanks

 

[shando]

i'm stuck between these options still

pls someone help me to solve these

my cost is 18.75
the retail price is 34/=

so i want to decide the price and the discount i can give a customer

but before that i need to know how much i get from this and how much i can give a customer and then how much i will earn after that

i'm still not clear with this friends

pls help me guys