Quandaries and Queries
  

 

I am a buying assistant in a retail firm and would like to know:

What is (how to calculate) the cost price of a product which is marked-up by 15% and retailed at $25?

Thanks,

Sunitha
 

 

Hi Sunitha,

If you were calculating the list price and were given the cost price and told to mark it up 15%, you would take te cost price and multiply by 1.15. That is

1.15 (cost price) = $25

Thus

cost price = $25/1.15 = $21.74

Penny

 
 

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