English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

Use marketing pricing formulas to show how you reached your answer.

2006-10-20 15:32:31 · 4 answers · asked by nmcconnaughey 1 in Science & Mathematics Mathematics

4 answers

CP = Cost Price
SP = Selling Price

Markup = 34% of SP

CP = SP - 34% of SP
= (1 - 0.34)SP
= 0.66SP

Therefore SP = CP/0.66
≈ 1.515 CP
= CP + 0.515CP
=CP + 51.5% of CP

Markup = 51.5% of cost price

2006-10-20 15:49:26 · answer #1 · answered by Wal C 6 · 0 0

Markup On Selling Price

2016-12-26 15:57:58 · answer #2 · answered by ? 4 · 0 0

This Site Might Help You.

RE:
Markup on selling price is 34%. Find markup on cost?
Use marketing pricing formulas to show how you reached your answer.

2015-08-18 17:53:09 · answer #3 · answered by Kliment 1 · 0 0

Clearly, Cost + Markup = Selling price.

If 34% of the selling price is Markup, then then cost must be 66% if selling price.

Simply divide Markup by Cost: 34 / 66 = 51.51%

2013-11-19 13:56:19 · answer #4 · answered by Dr.T 5 · 1 0

Item costs $1.00 Items sells for $1.50.
Markup is .50 or 50 percent of the cost.

2006-10-20 15:49:34 · answer #5 · answered by DanE 7 · 0 0

Markup: 6.80 Selling Price: 40.80 wait thats the answer

2016-03-18 23:49:58 · answer #6 · answered by Anonymous · 0 0

fedest.com, questions and answers