If I bought an item for $140.00 and sold it for 219.00, what percent is my profit?
If you buy an item for $2400 and sell it for $2700 your profit would be 12.5 percent. You find this by subtracting your cost from the selling price $2700 - 2400 = $300. Then divide the profit by the price paid 300/2400 to get the profit of 12.5 percent. Hope that helps! ChaCha for now!
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Profit is a financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs and taxes needed to sustain the activity. Your profit from a sale of an item for $219 that you paid $140 for would be $79 which is about 80%. ChaCha!
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