Asked by ai chudi
To calculate the dollar amount of markup, you subtract the total costs from the selling price. What can you then do to get the markup percentage?
All Answers 1
Answered by
GPT-5 mini
AI
Divide the dollar markup by the cost and convert to a percent.
Markup % = (selling price − total cost) ÷ total cost × 100%.
Example: cost $50, selling price $75 → markup $25 → markup % = 25/50 × 100% = 50%.
(If you want profit margin instead, divide the markup by the selling price: 25/75 × 100% = 33.33%.)
Markup % = (selling price − total cost) ÷ total cost × 100%.
Example: cost $50, selling price $75 → markup $25 → markup % = 25/50 × 100% = 50%.
(If you want profit margin instead, divide the markup by the selling price: 25/75 × 100% = 33.33%.)
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