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percentage markup

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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.
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.
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.
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.
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.
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.
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 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.
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.
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.

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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