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Formula: Markup = 100 X Profit / Cost Hi! I am trying to study some formulas,...

Formula: Markup = 100 X Profit / Cost

Hi! I am trying to study some formulas, could someone give me an example of this "markup" formula being used in an example? And then walk me through how to solve that example? The formula seems super simple, I just have nothing to practice it on.

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Answer #1

Let's assume the cost of making an unit is $10.

We require $5 as a profit on this unit.

So, in simple terms, markup percent needed = 100 * 5/10 = 50

Or you can just rephrase the formula as

Markup = Profit/Cost (You will get the answer in decimals. Multiply by 100 to get the answer in percentage)

Feel free to comment. We will discuss further if you still have any queries

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