Respuesta :

baileyolivia940

When the selling price and the cost price of a product is given, the profit can be calculated using the formula, Profit = Selling Price - Cost Price. After this, the profit percentage formula that is used is, Profit percentage = (Profit/Cost Price) × 100.

mhanifa

Step-by-step explanation:

Given:

  • Profit P and selling price Sp

Find cost price Cp first:

  • Cp = Sp - P

To find the percentage profit divide the profit by the cost price and multiply by 100%:

  • P% = P/(Sp - P)*100%