# 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

Algebra ->  Algebra  -> Percentages: Solvers, Trainers, Word Problems and pie charts -> 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      Log On

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 Click here to see ALL problems on percentage 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