Subtract the costs from the revenue to determine the gross profit. 0.4 is the ratio of gross profit to revenue: $20/$50 = 0.4. In percentage terms, we get 40% by multiplying 0.4 by 100. The selling ...
For example, if the cost of the product is $100 and your selling price is $140, the markup would be $40. To find the percentage of markup on cost, divide the dollar amount of markup by the dollar ...
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