2007-07-05 11:51:40 · 5 answers · asked by brinsdon2000 1 in Science & Mathematics ➔ Mathematics
Markup is the difference between the price the store pays its supplier and the price the customer pays in the store.
This may be expressed either as a cash amount or as a percentage of the price the store pays.
2007-07-05 12:00:01 · answer #1 · answered by Anonymous · 0⤊ 0⤋
In order to make a profit, we have to sell the product for more than it cost us. So it is neccessary to raise (markup) the cost price sufficiently to cover all costs associated with acquiring the product. A 50 % markup is normal in our business.
2007-07-05 19:02:25 · answer #2 · answered by ironduke8159 7 · 0⤊ 0⤋
I'm an engineer and markup in my department means changes in design (on plans).
2007-07-05 19:02:17 · answer #3 · answered by Alberd 4 · 0⤊ 0⤋
The money added over our cost for merchandise to cover indirect operational costs, direct sales and operational costs, and some for a reasonable profit of course.
Indirect costs are rent, electricity, maintenance, taxes, book keeping, payroll management and things like that.
Direct costs for example are tracking logistics, salaries for management, marketing, salaries and commissions for sales people.
2007-07-05 18:58:55 · answer #4 · answered by Matt D 6 · 1⤊ 0⤋
did you mean in HTML(hype...tex...makup...lang..) ?
2007-07-05 19:00:06 · answer #5 · answered by nasser a 2 · 0⤊ 0⤋