Profit Margin on an item that Cost $5 with a Selling Price of $8

Given: Cost = $5,  Selling Price = $8
Formula:
Profit Margin =  
Selling Price – Cost/ Selling Price

Profit Margin =  
$8 – $5/ $8

Profit Margin =  
$3/ $8

Profit Margin = 0.375 = 37.5%
Notes:
Profit = Selling Price – Cost = $8 – $5 = $3
Markup Amount = Profit = $3
Markup Percentage =  
Markup Amount/ Cost
=  
$3/ $5
= 0.6 = 60%

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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