Subtract the costs from the revenue to determine the gross profit. 0.4 is the ratio of gross profit to revenue: $20/$50 = 0.4. In percentage terms, we get 40% by multiplying 0.4 by 100. The selling ...
The percentage change can be calculated to find out the profit or loss an item has made. Percentage change is calculated by dividing the difference between the two amounts by the original amount.
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