SOLUTION: How do you figure a percentage profit on cost? If you have a item with the cost of $150.00 and want to make 35% profit on it what formula do you use? Is that called gross profit o

Question 6708: How do you figure a percentage profit on cost?
If you have a item with the cost of $150.00 and want to make 35% profit on it what formula do you use? Is that called gross profit on cost?
Thanks,
Ron.
Answer by prince_abubu(198) (Show Source): You can put this solution on YOUR website!
Use . P sub zero is the initial price, r is the percent you want to increase P sub zero by to get to P sub f, the final price.

So, <---- So, the increased price is $202.50. Your profit would've been $52.50