Profit Margin on an item that Cost $56,000 with a Selling Price of $74,666.67

Given: Cost = $56,000,  Selling Price = $74,666.67
Formula:
Profit Margin =  
Selling Price – Cost/ Selling Price

Profit Margin =  
$74,666.67 – $56,000/ $74,666.67

Profit Margin =  
$18,666.67/ $74,666.67

Profit Margin = 0.25 = 25%
Notes:
Profit = Selling Price – Cost = $74,666.67 – $56,000 = $18,666.67
Markup Amount = Profit = $18,666.67
Markup Percentage =  
Markup Amount/ Cost
=  
$18,666.67/ $56,000
= 0.3333 = 33.33%

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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