acethegmat6969 wrote:
Bunuel wrote:
acethegmat6969 wrote:
Does anybody know why we divide the profit by cost price when we calculate the profit percentage? It seems to me profit margin should be calculated by profit/sale price instead? I don't seem anywhere they are implying profit percentage as profit markup.
The point is profit and loss are calculated from the cost price, not the sales price.
Is this something we always assume unless stated otherwise? Thanks Bunuel.
Yes, this is how it is.
Statistics : Posted by Bunuel • on 12 Oct 2022, 01:30 • Replies 8 • Views 2170
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