Quote:
Originally Posted by bobs11
Where on earth can you make 100 - 200% on food??? That is impossible. If you are talking about selling something at retail at twice the cost price then that is 50% ie cost price £1 and sell for £2 is 50% gp. You can never make 100% profit unless you have no costs involved in producing what you sell!!!
|
I don't think it's that big a deal, you're just each calculating profit based on a different starting figure. Derek calculates profit based on his cost price. You calculate it based on the sale price.
Of the first three hits when googling for "profit calculator" two of them calculate it the way you've done it (profit as a percentage of selling price), and one calculates it the way Derek (and I) calculate it (profit as a percentage of material/labour costs).
Funnily enough, the calculator on the fourth link doesn't work, which doesn't bode well for the accountancy firm on whose site it appears.