Fixed now.Math_QED said:The right word is "profit".
The formula for calculating percentage profit is (Net Profit/Total Cost) x 100.
To find the percentage profit when given the selling price and cost price, use the formula (Selling Price - Cost Price)/Cost Price x 100.
Yes, percentage profit can be negative. This indicates that the cost of producing or purchasing an item is greater than the revenue generated from selling it.
Percentage profit is the ratio of net profit to total cost expressed as a percentage, while gross profit is the difference between revenue and cost of goods sold. Percentage profit takes into account all costs, while gross profit only considers the cost of goods sold.
A good percentage profit varies depending on the industry and company. Generally, a higher percentage profit is desirable as it indicates a higher return on investment. However, a good percentage profit also takes into account other factors such as market conditions and competition.