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9 Cards in this Set

  • Front
  • Back
Find Gross profit
Gross profit = selling price - cost
Find Net profit
Net profit = selling price - (cost + overhead)
Find Loss
Loss = (cost + overhead) - selling price
Find Percent of profit based on cost
Percent of profit = net profit divided by cost
Find Percent of loss based on cost
Percent of loss = loss divided by cost
Find Percent of profit based on selling price
Percent of profit = net profit divided by selling price
Find Percent of loss based on selling price
Percent of loss = net profit divided by selling price
When converting measures: large to small, __________.
multiply
When converting measures: small to large, ___________.
divide