Gross markup

Total	GM	Sell
$2650	40%	$4,416.67

GM is Gross Margin? do you have any meanings for this like Gross markup etc?

Can you show me the working of how you get the 2650 to sell at 4416.67

Many thanks

Chris

Hi Chris,

Take the difference $4416.67 - $2650 = $1766.67 to find the markup in dollars. The question then to ask is

What proportion of $2650 is $1766.67? The answer is ^$1766.67/_$2650 = 0.667. In other words $1766.67 is 66.7% of $2650. Thus the markup is 66.7%

Cheers,
Penny