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hey everybody welcome to another Excel tutorial video from Scott Gardner Technical Services quick one today probably two minutes or less weamp;#39;re gonna figure out how to do how to calculate profit margin in Excel using formulas so to start weamp;#39;re going to assume that we have a product called widget a that we are selling and we are going to assume that we have purchased it from our wholesaler for $5.99 okay Iamp;#39;ve already Iamp;#39;ve already set the wholesale retail and profit columns to be in currency format and weamp;#39;re also going to assume that we sell that product retail for $12.49 okay now the first thing weamp;#39;re gonna do is weamp;#39;re gonna figure out our profit with a quick formula and that formula is obviously retail price minus wholesale price so weamp;#39;re gonna do equals c2 minus b2 that will take the retail price subtract the wholesale giving us a product a profit of six dollars and fifty cents now to figure out the profit margin we are go