Results 1 to 2 of 2

Math Help - percentage profit?

  1. #1
    Super Member
    Joined
    Sep 2008
    Posts
    608

    percentage profit?

    I was just wondering if someone can tell me how to work this out,


    if I bought some item for 4,400 and sold it for 5,100 what is my percentage profit?

    I know that I have made a profit of 700 but in terms or percentages?

    I did try this;  \frac{100}{700}  = 0.1429 than multiply by 100 to get 14.286%, but than 14.286% of 4,400 does not give me 5,100.

    any help/ advice appreciated.

    thanks
    Follow Math Help Forum on Facebook and Google+

  2. #2
    MHF Contributor

    Joined
    Apr 2005
    Posts
    15,801
    Thanks
    1534
    Quote Originally Posted by Tweety View Post
    I was just wondering if someone can tell me how to work this out,


    if I bought some item for 4,400 and sold it for 5,100 what is my percentage profit?

    I know that I have made a profit of 700 but in terms or percentages?

    I did try this;  \frac{100}{700}  = 0.1429 than multiply by 100 to get 14.286%, but than 14.286% of 4,400 does not give me 5,100.

    any help/ advice appreciated.

    thanks
    If you want your profit, 700, as percentage of your cost, 4,400, which is what it appears to be, then it is [tex]\frac{700}{4400}= 0.159[tex] or 15.9 %. Now multiplying 4,400 by that will NOT give you 5,100- it's not supposed to- it will give your profit: 700. Multiplying 4,400 by 1+ 15.9%= 1.159 will give your cost plus profit= selling price:
    1.159(4,400)= 5099.6 (not exactly 5100 because 15.9% is rounded.)
    Follow Math Help Forum on Facebook and Google+

Similar Math Help Forum Discussions

  1. Percentage Profit
    Posted in the Algebra Forum
    Replies: 1
    Last Post: October 12th 2011, 07:56 AM
  2. Percentage profit on investment
    Posted in the Algebra Forum
    Replies: 6
    Last Post: December 24th 2010, 05:43 AM
  3. profit, percentage, differentiation
    Posted in the Calculus Forum
    Replies: 2
    Last Post: August 23rd 2010, 05:12 AM
  4. profit and marginal profit relationship
    Posted in the Business Math Forum
    Replies: 1
    Last Post: January 16th 2009, 08:00 AM
  5. Profit and Percentage
    Posted in the Business Math Forum
    Replies: 3
    Last Post: December 8th 2007, 03:43 AM

Search Tags


/mathhelpforum @mathhelpforum