Profit Margin on an item that Cost $8 with a Selling Price of $10

Given: Cost = $8,  Selling Price = $10
Formula:
Profit Margin =  
Selling Price – Cost/ Selling Price

Profit Margin =  
$10 – $8/ $10

Profit Margin =  
$2/ $10

Profit Margin = 0.2 = 20%
Notes:
Profit = Selling Price – Cost = $10 – $8 = $2
Markup Amount = Profit = $2
Markup Percentage =  
Markup Amount/ Cost
=  
$2/ $8
= 0.25 = 25%

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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