Cost Price= 389 And Selling Price=599. What Is Profit?

To determine profit, subtract what you made by what you paid. This is how much money you have left over after the purchase, or the profit.

In this case, your profit is 599-389 = 219.

If you need it in a % like the other person tried to do, you always divide by what you paid in the first place, not by how much you sold it for.

Hence, % profit = 219 / 389 = 56%.

35%