document.write( "Question 806982: Please can you give me the algebra equasion to apply to cost of goods to give me a gross profit percentage to sales of 55%. I am stuck somewhere with 1.8181 etc and dont know why. Very kind if you could assist. Thank you \n" ); document.write( "
Algebra.Com's Answer #486136 by KMST(5347) You can put this solution on YOUR website! If your cost is \n" ); document.write( "and you want to multiply that cost by a factor \n" ); document.write( "for a profit of 55% of the selling price, \n" ); document.write( "the equation is \n" ); document.write( "so \n" ); document.write( "For another percentage, \n" ); document.write( "you would turn that percentage into a decimal, \n" ); document.write( "and your factor would be \n" ); document.write( "with \n" ); document.write( "For example, if you were satisfied with a profit \n" ); document.write( "amounting to 37.5% of sales, \n" ); document.write( "you would use \n" ); document.write( "would calculate \n" ); document.write( " \n" ); document.write( "THE EXPLANATION: \n" ); document.write( "If your cost is \n" ); document.write( "and you multiply that cost by a factor \n" ); document.write( "the profit is \n" ); document.write( "If the profit is 55% of the selling price, \n" ); document.write( " \n" ); document.write( "which can also be written as \n" ); document.write( "Because \n" ); document.write( "the value of C does not matter, \n" ); document.write( "and the equation simplifies to \n" ); document.write( " |