if an item costs $9 and you sell it for $35, how do you figure out the profit percentage. Best answer will go to person who answers the equation with a full explanation and with a serious reply. Thanks in advance for all those who answer. Best answer is worth 10 points, so good luck!!!How do you calculate profit percentage?
I believe this is the formula that you want to use:
Profit percent = [(Selling-Buying)/(Selling)]x100
So using your #'s
p= 35-9/35 x100
p= 26/35 x 100
p= .7428 x 100
p= ~74% or 74.285 or 74.3%
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