How do I calculate markup percentage?
An example of an AI chatbot conversation about calculating markup percentage.
How do I calculate markup percentage?
To calculate markup percentage, use the formula: (Selling Price - Cost Price) / Cost Price * 100.
Can you give me an example?
Sure! If an item costs $50 and you sell it for $75, the markup percentage is ((75 - 50) / 50) * 100 = 50%.
What if I want to find the cost price instead?
You can rearrange the formula: Cost Price = Selling Price / (1 + Markup Percentage). For example, if the selling price is $100 and the markup is 25%, the cost price would be 100 / 1.25 = $80.
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