The Extra Loveliest Individual's Team Expedition

aau1

Davemorton look at it this way

If something costs 50p and someone asks you "how much are you going to mark that up?" You could answer "I'm going to mark up by 200% and sell for £1.50"

If you sell something for £1.50 someone might ask "so how much of this is profit?" If £1 of your £1.50 selling price is profit you would answer 67% £1/£1.50

pattylabelle

Here the cost price is 18p and the selling price 75p.
The profit is 75p - 18p= 57p
To calculate the percentage profit you have to find what the profit is as a percentage of the original price. So divide the profit by the original price and multiply by 100.
57 ÷ 18 x 100 =

316.6666666667 %

Sunshinemummy

aau1 wrote: »

300% mark up to 72p =54p profit Correct

54p profit on a 72p sale is only 75% profit though

Fight, fight, fight!

:D:D:D:D

davemorton

Mildred1970 wrote: »

Profit margin is expressed as a % of the SELLING Price

i.e. 54p/72p = 75% profitability


Mark Up is expressed in terms of the COST price

i.e. 54p/18p = 300% mark up

Hush, my head hurts now, think, I beter go out

clucky1977 wrote: »

Hiya
Yes fine, how are you. Had a walk to adsa and the tesco they still dont have the mags out lol. Any how what you been up too lol x

Been to a few shops, cut grass, and bought some shelves

zippydooda

aau1 wrote: »

300% mark up to 72p =54p profit Correct

54p profit on a 72p sale is only 75% profit though

Don't agree.
outlay was 18p
54p profit
300% mark up is 300% profit

savingbabs

EMMAP wrote: »

Hmm. That's interesting. I just use any wombles I find and don't think of them as money I'd normally spend. Do you know what I mean? Eg. I might use them on a shop I wouldn't have done unless I had a voucher. But if you're spending the money anyway then I guess it makes sense to do that

That's what I used to do, but decided that this year I'd count it up

davemorton

zippydooda wrote: »

Don't agree.
outlay was 18p
54p profit
300% mark up is 300% profit

I agree

pk04

My head hurts it's like being at work on a Saturday night

underperky

Night night people

aau1

pattylabelle wrote: »

Here the cost price is 18p and the selling price 75p.
The profit is 75p - 18p= 57p
To calculate the percentage profit you have to find what the profit is as a percentage of the original price. So divide the profit by the original price and multiply by 100.
57 ÷ 18 x 100 =

316.6666666667 %

So we're moving onto "return on capital employed" now are we?

Whole different ball game :rotfl: