profit is calculated on cp or sp
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Answer:
Formula for Profit Profit = S.P – C.P.
Formula for Profit Percentage Profit Percent Formula = \frac{Profit\times100}{C.P.}
Gross Profit Formula Gross Profit = Revenue – Cost of Goods Sold
Profit Margin Formula Profit Margin = \frac{Total\;Income}{Net\;Sales} \times 100
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Answer:
on both
Step-by-step explanation:
Overview. Profit margin is calculated with selling price (or revenue) taken as base times 100. It is the percentage of selling price that is turned into profit, whereas "profit percentage" or "markup" is the percentage of cost price that one gets as profit on top of cost price
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