for example the item is based 700 and you sell it for 3500.
2007-10-18 21:16:50 · 6 answers · asked by II 1 in Science & Mathematics ➔ Mathematics
Okay maybe let's chance the question. Your in a store you see an item for sale. You know that the item is usually 20.00 but it's for sale for 35. How would I figure the percent it is marked up.
2007-10-18 21:24:29 · update #1
markup% = 100 * (salesprice - cost)/cost
Ex. 100 * (3500 - 700) / 700 = 100 * 2800/700 = 100 * 4 = 400%
ADDENDUM
Plug-n-Play, my friend. Plug-n-Play.
2007-10-18 21:25:21 · answer #1 · answered by Anonymous · 6⤊ 2⤋
Markup Formula
2016-12-15 03:40:06 · answer #2 · answered by tollefson 4 · 0⤊ 0⤋
This Site Might Help You.
RE:
What is the formula to find the markup percent of an item?
for example the item is based 700 and you sell it for 3500.
2015-08-18 07:58:09 · answer #3 · answered by Anonymous · 0⤊ 0⤋
How To Calculate Markup
2016-10-03 23:35:52 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Markup is (Price - Cost) over Price
So 50% markup would be if you sold at $1400 your 700 item (it matches the 50% off to get back to cost price)
So in your case 2800/3500 = 80% markup (400% profit)
2007-10-18 21:28:41 · answer #5 · answered by Mike1942f 7 · 4⤊ 2⤋
M=P2-P1
Mp=M divided by P1
M=markup amount
P1=original price
P2=markup price
Mp=markup percentage
2007-10-18 21:24:04 · answer #6 · answered by Anonymous · 0⤊ 2⤋
what is the correct formula for calculating markup percentage
2013-11-30 04:27:52 · answer #7 · answered by Sebastian 1 · 1⤊ 3⤋
no wonder they say humans are not even close to being smart!
2014-03-26 11:20:18 · answer #8 · answered by foreverboring 2 · 0⤊ 0⤋
cost + expected earning + demand + supply(rareness) + expenses(advertising)
maybe more variable, like
time(event), etc
2007-10-18 21:21:29 · answer #9 · answered by Anonymous · 0⤊ 6⤋
Same problem....
2014-02-13 14:02:41 · answer #10 · answered by Anonymous · 0⤊ 1⤋