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October 26, 2025, 07:57:44 am
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Author Topic: Mark up  (Read 2296 times)  Share 

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bopper69

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Mark up
« on: November 10, 2011, 07:45:01 pm »
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Sorry if this is a dumb question, but I've never understood how to calculate mark up when it's not 100%. Like 50% or 200%. Is there any kind of method on working it out? Thanks.
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Random_Guy

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Re: Mark up
« Reply #1 on: November 10, 2011, 07:56:56 pm »
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When it's 100% mark-up, you multiply the cost price by 2. That's easy. When it's 50%, you multiply the cost price by 1.5. 200%, you multiply the cost price by 3.
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bopper69

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Re: Mark up
« Reply #2 on: November 10, 2011, 08:00:19 pm »
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Exactly what I was looking for. Thank you and good luck with tomorrow.
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Wezanator123

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Re: Mark up
« Reply #3 on: November 10, 2011, 08:25:54 pm »
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What if they told us the Mark up but not the cost price, how would we work the cost price out ?
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likeialwaysdo

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Re: Mark up
« Reply #4 on: November 10, 2011, 08:28:11 pm »
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for selling price: SP = CP X (1+MARKUP/100)
for cost price: CP = SP / (1+MARKUP/100)
for Markup: MARKUP = ((SP/CP)-1)X100

The original formula is the selling price, the other 2 is when you re-arrange it
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Random_Guy

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Re: Mark up
« Reply #5 on: November 10, 2011, 08:41:13 pm »
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You divide instead. Eg. Mark up of 50%. You divide the Selling Price by 1.5 to get the Cost Price.
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