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| Math Central | Quandaries & Queries |
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Question from Lori: Hello, I am trying to figure out mark up as a dollar amount. Is it the same as profit or is it a different number? And what is the formula to get to it, please? Thank you |
Hi Lori,
Suppose you are a store owner and you purchase some item for $\$x$ and sell it for $\$y.$ The markup is then $\$(y - x).$ This not the profit as you, as the store owner have other expenses, employee wages, electricity charges to keep your store open, insurance costs and many other expenses.
Write back if you need more assistance,
Penny
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