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Selling price and markup 2017-04-24
From Julie:
What would the cost of an item be, if the sell price was $50 and the markup 48%
Answered by Penny Nom.
Markup as a dollar amount 2015-12-30
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

Answered by Penny Nom.
What is our cost? 2015-01-27
From Johanna:
I have a pieces of 3/4" sch40 (round tube) 240" long at $70. What is our cost. We also add 35% to our cost for selling price. How do I figure this out?
Answered by Penny Nom.
A 20% markup 2014-10-09
From Fatima:
What is the 20% markup price of $1.50
Answered by Penny Nom.
Markup 2014-03-17
From Lorriane:
I work for a plumbing company and our new financial manager said we should mark up all parts we buy by 142.86 to get a 30% mark up, however if we buy something for $100.00 we charge $130.00 being 30%. If we use the other method the customers will be paying $142.86 for $100.00 and they still say that this is only 30% mark up. We have for years been taught percentages at school and also the Government charges us 15% GST which on $100.00 would be $15.00 so who is correct. Thank you for your wonderful website Lorriane
Answered by Chris Fisher and Penny Nom.
The markup as a percentage 2013-12-31
From Alesha:
The buyer for a chain of stores purchased coffee tables in bulk, paying $18.00 each. The store will sell each coffee table for $54. What is the markup percentage?
Answered by Penny Nom.
Markup 2013-10-10
From toya:
The cost for an item is $27.99. If the selling price is $39.99, then detetmine the following markup, %markup on cost, %markup on selling price
Answered by Penny Nom.
The markup on a country maple bedroom set 2013-09-26
From steven:
Bargain Furniture sells a five-piece country maple bedroom set for $1299. The cost of this set is $700. What are the markup on the bedroom set?
Answered by Penny Nom.
A question on markup 2013-09-08
From ezile:
if the gross profit for the previous year was R125000 and for the new year its R195000 the mark up achieved was 95%....whats the new mark up
Answered by Penny Nom.
A markup followed by a discount 2013-03-23
From edward:
A shopkeeper marks his goods to gain 35%. He allows 10% discount for cash payment. What is his profit percent when he sells the goods for cash?
Answered by Penny Nom.
Percent profit: State exam question 2013-03-12
From tony:
which is the correct way to figure 30% profit?
1)
1000 product
500 labor
50 permit
1550 total cost
1550x1.3=2015

2)
1000 product
500 labor
50 permit
1550 total cost
1-.3=.7
1550/.7=2214

Answered by Harley Weston.
state exam question 2013-03-12
From tony:
which is the correct way to figure 30% profit?
1)
1000 product
500 labor
50 permit
1550 total cost
1550x1.3=2015

2)
1000 product
500 labor
50 permit
1550 total cost
1-.3=.7
1550/.7=2214

Answered by Harley Weston.
Markup and discount to get a sale price 2013-03-02
From Warren:

If you are an ardent shopper you will be aware of the discount (% decrease) marketing strategy to produce the sale price. I began to wonder just how much mark-up (% increase) was added initially to an item in order to deliver the discounted sale price.

It was simple to construct a formula to convert one to the other.

For example a 30% (mark down) decrease in price required a 42.86% (mark up) to increase the price initially to Tag price. However when I started apply the formulae to a number of circumstances I noticed some very interesting circumstances associated with this relationship

For example a 99.999999% decrease is numerically equal to a 9,999,999,925% increase (huge ratio difference) while conversely a 0.1% decrease is numerically equal to a 0.10010010% increase (Infinitesimally small ratio difference) so the patterns appears logarithmic not linear.

However what really caught my attention was this pattern

See http://www.ozsmart.com/doc/percentage.htm

My questions is why does the decline in the ratio of increases in required mark up (%) price peak at 50 and 51% precisely and then expand again as the percentage move higher

Any explanation would be appreciated


Answered by Harley Weston.
A markup of 40% 2011-06-01
From angie:
Want to mark up 2.50 by 40%.

Would I do 2.50 x 1.4 =3.50 ?

Answered by Penny Nom.
The markup rate is 40% of the cost 2011-03-14
From Abeth:
A wallet sells for 450 pesos. the markup rate is 40% of the cost. find the cost of the wallet and markup.
Answered by Penny Nom.
Profit as a percentage 2011-01-17
From Connie:
I am trying to determine the profit margin on selected items. ex: A bottle of juice costs me $.70, I sell it at $3.75. How can I determine what my profit percentage is?
Answered by Penny Nom.
A 30% markup and a 20% sale 2010-01-25
From stephanie:
A car is marked up 30% from its wholesale price.During a sale the retail price is reduced by 20% .What percent higher is the sale price from the wholesale price.
Answered by Penny Nom.
A 20% markup 2010-01-22
From barbara:
i ran across the same question using 10%, my question is this, I have $751,400, which has been marked up 20%. I want to know the original amount prior to mark up.... can you give me the formula.?
Answered by Penny Nom.
Motorcycle markup 2010-01-12
From Harold:
I went to a motorcycle dealership and saw a motorcycle costing $11,000. Dealerships have a way of marking up a product about 300%. What is the original cost of the motorcycle before the 300% markup?
Answered by Robert Dawson.
A markup and a discount 2009-11-15
From joe:
I have a product that cost $ 300.00 I want a 25% markup and give a 15% discount but keep 25% markup.
300 + 25% = 375
300 + 40% = 420
420 - 15% = 357
what am i doing wrong????

Answered by Harley Weston.
A 30% markup 2009-09-02
From Lisa:
Ok i want to mark a products up 30%, I would take 5.00X3o%,but my boss does it another way I have yet to figure out he takes cost divided by 70% or something like that I am so lost can you help? PLEASE
Answered by Victoria West and Penny Nom.
Markup and margin 2009-07-20
From Deanna:
What is the difference between a margin percent and a point margin? For instance. A co-worker sells product. If the wholesale cost of said product is $.20, she multiplies that by 1.7 to get her selling price of $.34. To me, that is a 70% margin on the product (our company is making 70% on top of the purchased price). She considers it a 30 point margin, but to me it is 70%. Does that make sense? Any help? What is the difference between a point margin and a percentage?
Answered by Harley Weston.
Profit margin 2009-05-26
From andreya:
what is the profit margin of a business that spends $200 in order to make $1000
Answered by Penny Nom.
Calculating markup 2009-02-03
From Tonya:
I'm trying to figure out the formula for the following, I have a product that I want to receive a certain profit, but with this product I also have to pay a percentage of commission to someone. I need to know how to calculate my new selling price taking into account the markup percentage, but I don't want my cut to be lowered. I have calculated the markup percentage to get my new selling price with the commission, but it lowers my cut once I pay the commission and I don't want it to do that. Thanks
Answered by Penny Nom.
A markup of 30% 2008-12-06
From Tammy:
How can a markup of 30% be calculated by using 1.43 times the original cost? Where does the 1.43 come from? For example: the original cost is 830.00 the markup is 30 %. The selling cost is 1186.90. My boss uses 1.43 to figure the mark up for 30% and 1.23 for 25% and 1.1 for 10%. What I want to know is how do they come up with these figures?
Answered by Stephen La Rocque.
A 30% markup 2008-10-24
From Angel:
If i have a total price of $15171.00 and we marked it up 30%. What was the original price?
Answered by Penny Nom.
Markup 2008-10-21
From lisa:
A television cost Best Buy 400.00. They want to sell it at a price of 1500.00. What would the percent markup have to be for this to happen.
Answered by Penny Nom.
Markup as a percentage 2008-09-20
From itzie:
Okay, I've tried to make sense from some of the other questions and answers but I still don't see the answer that makes sense to me so here goes: I need an explanation on how $15.00 / .6 = $25 is a 40% and not as one would see it as a 60% mark up??? I don't get it.
Answered by Penny Nom.
Calculating a price based on markup 2008-06-03
From Sheldon:
I know the most common form for retail businesses of calculating a price based on markup is: Cost/(1 - Markup), but how is this supposed to work for a business that desires a markup of over 100%.
Answered by Harley Weston.
Selling price 2008-05-10
From Roxane:
I'm trying to figure out the formula for the following, I have a product that I want to receive a certain profit margin, but with this product I also have to pay a percentage of commission to someone. I need to know how to calculate my new selling price taking into account the markup percentage, but I don't want my gross margin to be lowered. I have calculated the markup percentage to get my new selling price with the commission, but it lowers my profit margin once I pay the commission and I don't want it to do that.
Answered by Penny Nom.
Markup 2008-05-02
From Sussie:
I sold an item for $75.00

It cost me $17.00

How do I calculate to come up with the Markup %?

Answered by Penny Nom.
Actural cost, selling price and commission 2008-02-21
From LiSa:
I have a question about a few things if anyone can answer... ex. actual cost (AC) = $1000 selling price (SP) = $ amount earned for company (C) = 15% of... selling price? commission 1 (C1) = 2.5% commission 2 (C2) = 2.5% How would you calculate how much the company's commission amount would be as well as the amounts for the other 2 that get 2.5%? And what would the selling price be? (the 15% $ + 2.5% $ + 2.5% $ ?) Is the 2.5% taken from the original amount? I am soooo confused! If anyone could help, that would be great!
Answered by Harley Weston.
Profit percentage (markup and margin) 2007-12-18
From Laura:
If my husband says he sold $11,000 worth of tools and made $1400 on the deal, what is the percent of profit?
Answered by Stephen La Rocque.
Our company charges a 4% margin 2007-11-13
From Nadja:
Our company charges a 4% margin on top of a pay rate to obtain the total charge rate. A client is denying that the total charge rate is calculated in the following way:

Pay rate/0.96 = Charge rate

Please could you provide me with an explanation which I can pass on as to why it is calculated in this way?

Answered by Penny Nom.
A 10% markup then a 10% discount 2007-11-13
From svetik:
The best selling dessert at Chez Russell earns revenue of $5000 per week. During Restaurant Week, they are required to give a 10% discount on this dessert. Because the owner is a crook, he decides to mark up the price the week before Restaurant Week and then give the 10% discount off the marked up price. During the marked up week, they still sold the same amount of pieces as any prior week. However, they expect to sell 100 more pieces during restaurant week. If the revenue from this dessert is the same for the marked up week and restaurant week, what is the normal price of the dessert, rounded to the nearest cent?
Answered by Penny Nom.
Percentages to put on top of an items cost 2007-10-15
From GAIL:
what is the formula for calculating percentages to put on top of an items cost.

ie: 115.60 with 15% on top

Answered by Penny Nom.
Markup to include 6% commission 2007-09-07
From Steve:
I estimate the cost to build a house for $250,000.00. I mark it up by 20%: $250,000 x 1.20 = $300,000 base price (BP) without sales commission. I want to set the sale price (SP) to include a 6% commission to pay the real estate fee. After the 6 % fee is paid I want to net the $300,000 base price. The formula is basically: $300,000 + 6% of SP = SP. But I can't figure out how to solve for SP.
Answered by Penny Nom.
Markup 2007-08-20
From Drew:
I own a manufacturing business and I need to figure out the best way to mark up our products so that we can make a profit for this year. Say for instance we have a plow that we can make for $938.00. We need to mark it up 20% so that we have some income. Do we take the $938 x 20% = $1125.60 or $938 / 80% = $1172.50?
Answered by Stephen la rocque and Harley Weston.
Markup 2007-07-19
From Andrea:
if a product cost $2.00 and it is marked up to $6.00 this would be a 200% increase. (4/2 x100) = 200%. this is easy to compute.......but when you compute 2 x 200% it is 4.

this works if you only go up to 100% like $2 to $4 is 100% either way you compute it. Why does it only work up to 100%

Answered by Penny Nom.
Fractions, decimals and profit 2007-05-29
From fatima:
how can i change a fraction into a decimal and how do i change a decimal into a fraction................
anther question please what does making a profit have to do with percentage change!!!!!!

Answered by Penny Nom.
If I know the total is 15% over cost, what is the cost? 2007-05-18
From Theresa:
I have a job that is $25,250 total to complete the job. The customer asked how much am I charging. I told him I was charging 15% over the Cost. What is the formula to calculate the cost of the job?
Answered by Stephen La Rocque.
I want to mark up a price by 5% 2007-04-19
From Steve:
ok so i want to mark up a price by 5% or any percentage. which is correct? ( this is done with a calculator with a % button)
a. 62*5% = 3.1 (3.1 + 62) = 65.1(total)
b. 62+5% = 65.263(total) (rounded to the 3rd decimal)
im trying to wrap my head around this. the calculator has a button which does % all automatically. Markup *20 which equal 5%....

Answered by Stephen La Rocque and Penny Nom.
Percentage markup 2007-03-16
From Debbie:
What formula or formulas do I use if I want to ultimately charge a customer $300 for a service, but need to factor in a 15% commission for a sales rep, $20 to cover the cost of our overhead, the cost of a $25 coupon that we will be sending to the customer to apply to future services. In other words, what amount do I initially quote the customer to be able to cover these costs?
Answered by Stephen La Rocque.
Percentage markup 2007-02-23
From Jim:
If a total amount includes a part price plus a mark-up percentage how do you calculate the part price if you know the mark-up % allowed. For instance : $810.00 includes a part plus 13.5% markup. How do I calculate the part price from this info?
Answered by Penny Nom.
Percentage markup 2007-01-16
From Lauren:
MY DAD IS TRYING TO SELL PRODUCTS AT A 40% MARKUP. LET'S SAY THE COST IS $55.00. SHOULDN'T YOU JUST DO, 55 X 1.4 = 77 , SO THE $77 IS THE 40% MARKUP?? HE'S SAYING THAT YOU TAKE 55 / 60% = 91.67 . SO WHO'S FORMULA SHOWS YOU A TRUE 40% MARKUP OF $55.00 DOLLARS??????
Answered by Penny Nom.
Can you explain the differences between margin and mark up? 2006-06-07
From Michelle:

I have a widget I buy for $10. I want to make a 40% margin on the product cost. What do I then sell to the customer for?

Also, can you explain the differences between margin and mark up?


Answered by Penny Nom.
Markup 2006-04-07
From Larry:
Calculators from different manufacturers work differently. Enter 100, then plus 15%, on some calculators you'll get 115 on others return 117.65 . On any calculator, enter 100, then divide by 0.85 (point 85) and you'll get 117.65 . I don't understand this well enough to explain to my grandson, but as a salesman, I know which one to use.
Answered by Penny Nom.
List price plus 10% 2006-04-03
From Heather:
We shipped 2 pieces of an item with a unit price of $578.74 for a total amount of $1157.48. My task is to bill the customer at LIST + 10%. What formula do I need to use to calculate this?
Answered by penny Nom.
If something costs $40, and they took 20% off, what is the original price 2006-03-04
From Kevin:
If something costs $40, and they took 20% off, what is the original price
Answered by Penny Nom.
Our client wants to make 25% from their sale... 2006-01-24
From Noelle:
I need to figure out how to figure pricing for our clients. If our client wants to make 25% from their sale and they purchase it from me for $35.95, how do I figure what their cost is?
Answered by Penny Nom.
Markups and discounts 2006-01-21
From Dan:
I'm trying to increase my pricing by 30 percent. I'm doing something completely wrong. If my price is $150.00 and I increase the price by 30 percent. I would take 150 times .30 and that equals 45. I would then take 45 plus 150 and that would give me 195. My problem is now 195 is my list price. If I turn around and give my customer a 30 percent discount off the 195 the price ends up being 136.50. Which is less than the 150 that I started with. I'm confusing myself and have totally lost confidence in what I'm doing and how . Can you help me?
Answered by Penny Nom.
Percentage markup 2006-01-10
From Ian:

I have a markup question for you. I work for a painting company, specifically I estimate cost and sell painting projects. Within our office, we've had some discussion on how markup should be calculated for materials that we include in our prices. These are the two scenarios that we've come up with.

1. Mark up as a percentage of the cost: Cost = $ 10.00 X 15% Markup = $ 1.50. $ 1.50 + $ 10.00 equals $ 11.50 as a sale price.

2. Selling Price = Cost / (1-the desired profit margin). This would equal to $ 10.00 / (1-.15) = $ 11.76 roughly.

If you have any information on whether one is more correct and why, I would appreciate this. I want to make sure that I am marking things up correctly.


Answered by Harley Weston.
Markup 2005-09-22
From Cassie:
The retail price of a car stereo is $265 and the markup rate is 68%. What is the wholesale price of the car stereo to the nearest dollar.
Answered by Penny Nom.
Percent markup 2005-09-19
From Dan:
If a product cost $2.00 and sells for $2.00 there is 0% markup

If a product cost $2.00 and sells for $4.00 there is a 100% markup

If a product costs $2.00 and sells for $6.00 there is a 200% mark up ------which I don't understand I would think that the markup would be 300%

If a product costs $2.00 and sells for $8.00 there is a 300% mark up---- " " " " " " " " " " 400%

Answered by Claude Tardif.
Is this percentage change or percentage increase? 2005-08-15
From Betty:
When calculating a percentage, if the formula is A(new) - B(old)/A(new) Is this percentage change or percentage increase?
Answered by Penny Nom.
Cost price 2005-05-25
From Sunitha:
What is (how to calculate) the cost price of a product which is marked-up by 15% and retailed at $25?
Answered by Penny Nom.
A 25% markup 2005-04-07
From Jason:
I want to markup $2.00 by 25%...How do I do this???
Answered by Penny.
Cost before the markup 2004-11-23
From Norman:
the sum of eg $130 includes the markup of 30%. However I need to calculate the percentage to apply to the $130 to assess the cost ie $100.
Answered by Penny Nom.
Percentage markup 2004-06-04
From A parent:
if our cost is 54.00 and their cost is 117.00 what is the percentage of mark up?
Answered by Penny Nom.
Profit, markup and discount 2004-02-22
From Kick:
Using the calculation on your website, if I sell something for $885 and my cost is $296, I make $589 profit. How do I calculate the profit percent I made on that transaction?

Profit as a percentage of what it cost me?
Profit as a percentage of what I sold it for?

Answered by Penny Nom.
Markup, profit and margin 2003-11-24
From Ali:
I have question regarding Margins, Markups and Profit Purchase price = $ 10.00
Margin or Markup ?? = 40 %
Therefore Selling Price = 10/0.6 = $ 16.67
Profit ? = (16.67-10)/10 *100 = 66.67%
or is the profit = (16.67-10)/16.67*100 = 40 %
Can you please clarify What is Margin, Markup and Profit

Answered by Penny Nom.
Percentage markup 2003-09-03
From Virginia:

I am confused and hope you can help. I have looked high and low for a "chart" persay to go by when I am having to calculate markup percentages.

Example if I have a List price of $1838.00 and my cost is $955.76 and I want to mark it up 30%. My colleage says it should be divided by .7

I don't understand how he arrives at .7 from 30 percent.


Answered by Claude Tardif.
Profit margin 2003-09-03
From Chet:

My salesman calculates a customers profit margin by dividing what the customer paid by what he sells for, then subtracting that answer from 1. For example a customer sells a product for $15. He bought it for $10. 15/10=.66 Subtract that from 1 and get a profit % of 33%

Here's my question: If I want to figure what a reseller will sell a product for if he wants 40% margin(by the technique above), what formula do I use? Let's say I want to sell a product for 8.50, and I want the reseller to make 40%


Answered by Penny Nom.
A 40% markup 2003-06-12
From Nick:
I am attempting to determine the Retail price of an item that costs me 11.00. Our company wants to sell it at a markup of 40%. I calculated this two ways, first the way I thought it should be done. Second, the way the calculator does it (and my accountant).

  1. Cost + Cost*(percentmarkup/100)= retail price 11.00 + 11.00*.40 = retail price 11.00 + 4.40 = 15.40 retail price

  2. Using the calculators Mark Up key the answer is 18.33. Or 7.33 more than the cost or 67%.

I am confused by this Mark Up key and how it calculates. I used a cost of $10.00 and marked it up 50%. I thought it should equal $15.00 but the calculator says $20.00? This seems to be 100% markup, yes?

Can you explain the difference between the way I did it and the way a Business calculator does it?


Answered by Penny Nom.
A 15% markup 2003-02-07
From Holly:
what is 15% markup of 58.89? please show equation and why? which is correct? 58.89 divided by .85 or 58.89 times 1.15
Answered by Penny Nom.
A 40% markup? 2002-11-15
From Amy:
Please help? I own a basket and bouquet company, I have two retail stores with a markup of 40% on the price of the items I sale to them. I do not understand their conversion chart and I hope you can help me.

A bouquet that I sale for $12.50 wholesale to the retail is marked up at a rate of 1.675 or (40%). I do not understand how the calculation of 1.675 is arrived at ... how is this 40%. I was told to multiply my wholesale price of $12.50 X 1.675 and I would arrive at the markup price of 40% the retailer would sale the item for.


Answered by Penny Nom.
Original value 2001-11-27
From Lisa:
We are trying to find the original value of a product marked up by 10%. What is the formula to determine the original value?
Answered by Penny Nom.
Gross markup 2001-02-01
From Chris:
TotalGMSell
$265040%$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


Answered by Penny Nom.
25% mark up 2001-01-20
From Vivian:
If it costs me $100.00 to manufacture an item and I want to sell it at a 25% mark up, why do I get different answers when I perform the operation the following ways?

1. $100.00 x 25% = $25.00
$100.00 + $25.00 - $125.00

2. $100.00 / .75 = $133.334

Should these two not be equal?
Answered by Penny Nom and Claude Tardif.

64.5% profit 2001-01-12
From Ethel:
IF I PURCHASE AN ITEM FOR $2.00 AND I WANT TO RESELL IT WITH A MARGIN OF GROSS PROFIT OF 64.5% WHAT FORMULA DO I USE TO ARRIVE AT THAT RESELL FIGURE?
Answered by Penny Nom.
Wholesale price 2000-04-02
From Lynda Bintz:
If a product is priced at $4.99 and is marked up 40% how do I calculate the wholesale price?
Answered by Penny Nom.
Percentage markup 1998-11-28
From John Coffey:
My 11th grade daughter asked me how to calculate retail mark up percentages, I would appreciate any help with this question.
Answered by Penny Nom.
 
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