simply math question

[freecbc3]

dear all member i do have a question

if i buy X for 0.15$
and i sell it for 1$

so my earn will be 557% right ??

bcz
0.15$--------------100%
1$---------------????

????=100/0.15=567%

Profit % = ((Selling price - Cost price)/Cost price)*100

Profit % = ((1-0.15)/0.15)*100

Profit % = (0.85/0.15)*100

Profit % = (5.6666666)*100

Profit % = 566.666666




so my earning will be 567% or 85% ? ?

freecbc3 Reviewed by freecbc3 on 24th Aug 2010. simply math question dear all member i do have a question if i buy X for 0.15$ and i sell it for 1$ so my earn will be 557% right ?? bcz 0.15$--------------100% 1$---------------???? Rating: 5

[Doublecrosser]

you will get .85$ on each 1$,
so its 85%

[Spooky]

Agreed 85%

[freecbc3]

you will get .85$ on each 1$,
so its 85%

man i thing u are wrong bcz

0.15 is 100%

not 1$ is 100%

and as i know

Profit % = ((Selling price - Cost price)/Cost price)*100

so it 566%

[Spy]

It passed from the top of my head

[kohkindachi]

566% (Markup on cost)
85% (Margin on sales)
Just to addon, 85% of your income will be profit

[innocent_kid]

ur profit is 566% as u selling it above the pricfe u bought
from ur all income ur profit is 85% though
but u are selling a thing at 566%

[Tigger]

if you buy for .15 and sell it for .15 then your profit is 0 so it is 0% profit
if you buy for .15 and sell it for .30 then your profit .15 so it is 100% profit
if you buy for .15 and sell it for .45 then your profit .30 so it is 200% profit
.
.
.
if you buy for .15 and sell it for .90 then your profit .75 so it is 500% profit
if you buy for .15 and sell it for 1.00 then your profit .85 so it is ~566.666% profit

That is you earned 566.666%

[ttexta]

round it off so its..

over 9000!

[kohkindachi]

Your question is screwed. ask a question properly