Profit Margin on an item that Cost $80 with a Selling Price of $140

Given: Cost = $80,  Selling Price = $140
Formula:
Profit Margin =  
Selling Price – Cost/ Selling Price

Profit Margin =  
$140 – $80/ $140

Profit Margin =  
$60/ $140

Profit Margin = 0.4286 = 42.86%
Notes:
Profit = Selling Price – Cost = $140 – $80 = $60
Markup Amount = Profit = $60
Markup Percentage =  
Markup Amount/ Cost
=  
$60/ $80
= 0.75 = 75%

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