This will seem super easy to people with good maths brains but I am failing to make sense of it.
I am simply trying to figure out sales profit shown as percentage.
An example from the image attached:
Manganese Alloy costs $35200 to produce and sells for $269100, resulting in a profit of $233900
I have tried 2 formulas to try determine what percent the profit is:
|| 233900 / 269100 x 100 = 86.9 but does 86.9 represent the profit?
|| 269100 / 35200 x 100 = 764.5
My great confusion comes in when I try, as a hypothetical test, to sell for the same cost as production ($35200 sold for $35200). This is obviously a profit of zero but comes out as 100%, I know 35200 is 100% of 35200 but Im trying to derive the sales profit and not the value of one figure against another.
As you can see Im getting myself twisted in a knot.
Thank you for your help.
I am simply trying to figure out sales profit shown as percentage.
An example from the image attached:
Manganese Alloy costs $35200 to produce and sells for $269100, resulting in a profit of $233900
I have tried 2 formulas to try determine what percent the profit is:
|| 233900 / 269100 x 100 = 86.9 but does 86.9 represent the profit?
|| 269100 / 35200 x 100 = 764.5
My great confusion comes in when I try, as a hypothetical test, to sell for the same cost as production ($35200 sold for $35200). This is obviously a profit of zero but comes out as 100%, I know 35200 is 100% of 35200 but Im trying to derive the sales profit and not the value of one figure against another.
As you can see Im getting myself twisted in a knot.
Thank you for your help.
