Profit Margin on an item that Cost $600 with a Selling Price of $1,000

Given: Cost = $600,  Selling Price = $1,000
Formula:
Profit Margin =  
Selling Price – Cost/ Selling Price

Profit Margin =  
$1,000 – $600/ $1,000

Profit Margin =  
$400/ $1,000

Profit Margin = 0.4 = 40%
Notes:
Profit = Selling Price – Cost = $1,000 – $600 = $400
Markup Amount = Profit = $400
Markup Percentage =  
Markup Amount/ Cost
=  
$400/ $600
= 0.6667 = 66.67%

The solution above and other related solutions  were provided by the Profit Margin given Cost and Selling Price Application.

Find Profit Margin given Cost and Selling Price

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