Burdekin
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Show the percentage calculation. Saying any profit is 100% is just silly.
- Thread starter redlig
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Farside
Badly Welded Man
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That's what greengrocers work on.
Burdekin
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Craig-SM
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I showed that in the original example cost / sales gives cost of sales percentage deduct that from 100% leaves you with profit
0 cost/10 = 0% costs
100 - 0% = 100%
Are you now OK or shall we go to using fingers
Burdekin
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But that isn't a percentage of 0 which was the original cost and question. Of course all the profit is profit, that's not the question and is what you are calculating. You're calculating the percentage of the profit, that's not the question, what's the percentage of the cost, cost = 0. You're trying to tell me 100% of 0 is 10. Since when is that possible?I showed that in the original example cost / sales gives cost of sales percentage deduct that from 100% leaves you with profit
0 cost/10 = 0% costs
100 - 0% = 100%
Are you now OK or shall we go to using fingers
If you want to get personal and basic, cut all your fingers off and then use them to count and add the percentage. This is basic primary school math for FFS. Any percentage of 0 is 0. 100% of 0 is 0. 25% of 0 is 0. 5000% of 0 is 0.
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Craig-SM
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But that isn't a percentage of 0 which was the original cost and question. Of course all the profit is profit, that's not the question and is what you are calculating. You're calculating the percentage of the profit, that's not the question, what's the percentage of the cost, cost = 0. You're trying to tell me 100% of 0 is 10. Since when is that possible?
If you want to get personal and basic, cut all your fingers off and then use them to count and add the percentage. This is basic primary school math for FFS. Any percentage of 0 is 0. 100% of 0 is 0. 25% of 0 is 0. 5000% of 0 is 0.
Nope. You’re reading something that hasn’t been stated.
O% of nothing is still nothing just the same as 100% of nothing is, yes you guessed it nothing.
Nothing will be my response too to your next reply
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Burdekin
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I'm just answering the original question. The question was how much has he made profit as a percentage of something that cost nothing. The answer is 0. He hasn't asked what percentage of his profit was profit. I'm not reading something that's not there you just can't grasp the difference.
Craig-SM
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Burdekin
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You need to understand the question, it's not a trick question but obviously plenty of folk can't get their heads around a percentage of 0 is 0 which is what he asks. Obviously all of the profit is profit but as a percentage of the cost it's 0. Even you originally calculated the percentage of a cost if there was a cost but changed how you calculated it so you don't get 0. The maths doesn't change.
T689
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I went to the greengrocers, they were making 100% on their onions - it was enough to make you cry
MetalMonkey
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But the question is not asking about the profit as a percentage of the cost.
Its says:
It is asking what percent profit has been made assuming there are no costs to deduct..
Profit = selling price - costs.
Profit = selling price - 0
Profit = selling price
Therefore all of the selling price is profit, therefore profit on the item is 100%
Profit as a percentage of a cost implies the costs are greater than the profit, in which case it isn’t a profit!
Misterg
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That would normally be called something like 'rate of return' or 'return on cost', 'return on investment', etc. it *may* be what the OP is thinking of:
Example 1:
Cost £1
Sold for £10
Profit = (selling price - costs) = (£10 - £1) = £9
%Profit = (selling price - costs) / selling price *100 = (£10 - £1)/£10 *100 = 90%
Return = profit / cost *100 = £9/£1 = 900%
Example 2:
Cost £8
Sold for £10
Profit = (selling price - costs) = (£10 - £8) = £2
%Profit = (selling price - costs) / selling price *100 = (£10 - £8)/£10 *100 = 20%
Return = profit / cost *100 = £2/£8 = 25%
Example 3:
Cost £0
Sold for £10
Profit = (selling price - costs) = (£10 - £0) = £10
%Profit = (selling price - costs) / selling price *100 = (£10 - £0)/£10 *100 = 100%
Return = profit / cost *100 can't be calculated (it would be infinite).
In the case where the costs are zero, you can't calculate return, but profit is 100%.
(Not sure how many ways of saying this there are!)
You just did the same again.
Do the % on the sales price not the cost price.
How much of the £2 is profit?
All of it.
All of it = 100%
So if it had cost say £1 then he would have made more profit % than when it was free???????
Jaeger_S2k
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5 pages!
5 PAGES!
Just work out the only thing that matters, that I said at the beginning. Use Profit on Return (POR) no pedantic or any hair-splitting.
5 PAGES!
Just work out the only thing that matters, that I said at the beginning. Use Profit on Return (POR) no pedantic or any hair-splitting.
chrismac
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this has certainly created a debate.......5 pages!
5 PAGES!
Just work out the only thing that matters, that I said at the beginning. Use Profit on Return (POR) no pedantic or any hair-splitting.
Thread closing down soon......
ajlelectronics
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En masse!
Burdekin
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Profit Calculator - Calculator Hub
Input the cost price and selling price in this profit calculator to quickly determine the profit and profit percentage of a goods or items.
calculatorhub.org
Profit Margin Calculator
Calculate profit margin, net profit and profit percentage from the cost and revenue. Given cost and selling price, calculate profit margin and profit percentage. Profit margin formulas.
www.calculatorsoup.com
Margin Calculator
Calculate your profit margins, gross margins or sales margins for your business or product
www.thecalculatorsite.com
???
Not sure your point.Profit Calculator - Calculator Hub
Input the cost price and selling price in this profit calculator to quickly determine the profit and profit percentage of a goods or items.
Profit Margin Calculator
Calculate profit margin, net profit and profit percentage from the cost and revenue. Given cost and selling price, calculate profit margin and profit percentage. Profit margin formulas.
Margin Calculator
Calculate your profit margins, gross margins or sales margins for your business or product
???
Obviously not design for items that cost £0 to make but then have a value to sell.
Burdekin
Chief Bodger
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You just confirmed that you do.
The maths doesn't change because it's 0. Why would it when working out a percentage of 0. Not designed for 0, you're funny.
Post up some profit calculators that show the percentage as 100. You know the ones designed to calculate a percentage of 0 as 100.
