How to Calculate Profit / Gain Percentage ?
A gain that is acheived in any transaction such as selling a product etc. is called as the profit. The profit expressed in percentage is termed as profit percentage. Profit is gained when the selling price of any product is higher than the cost price.
Profit Percentage = [(Selling Price - Cost Price ) / Cost Price ] x 100
A retailer buys a wrist watch for Rs. 1500 and solds it for Rs. 2500. What is his profit percentage?
Selling Price = Rs. 2500
Cost Price = Rs. 1500
Applying the values in the given formula,
Profit Percentage = [( 2500 - 1500) / 1500 ] x 100
= [ 1000 / 1500 ] x 100
= 66.66 %
Hence, the profit percentage is 66.66 %