The formula to calculate mark up % is:
Mark up % = (Selling price - Cost price) / Cost price x 100
For example, if the cost of a product is $50 and you sell it for $75, then the mark up % would be:
Mark up % = ($75 - $50) / $50 x 100
= $25 / $50 x 100
= 50%
Therefore, the mark up % for this product is 50%.
How to calculate mark up %
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