Finance and Accounting Automation - Profit Margin Calculator

Notes:

• What problem does it solve?: Calculates the profit margin for various products/services, helping businesses gauge profitability.

• How can businesses benefit from customizing the code?: Businesses can track profitability for individual products, adjust for fixed and variable costs.

• How can businesses adopt the solution further?: Integrate with sales data to track real-time profit margins on products or services.

Actual Python Code:

class ProfitMarginCalculator:

    def __init__(self, cost_price, selling_price):

        self.cost_price = cost_price

        self.selling_price = selling_price

    def calculate_profit_margin(self):

        margin = (self.selling_price - self.cost_price) / self.selling_price * 100

        return margin

    def display_profit_margin(self):

        margin = self.calculate_profit_margin()

        print(f"Profit Margin: {margin:.2f}%")

# Example usage

product = ProfitMarginCalculator(cost_price=50, selling_price=120)

product.display_profit_margin()