Question

How did you solve markup and percentage markup?​

Answer 1

Explanation:

To calculate the markup amount, use the formula: markup = gross profit/wholesale cost.

=>If you know the wholesale cost and the markup percentage, then calculating the gross profit just involves multiplying those two numbers. To get to the final retail sticker price, add the gross profit to the original, wholesale cost.

Answer 2

Answer:

To calculate the markup amount, use the formula: markup = gross profit/wholesale cost. If you know the wholesale cost and the markup percentage, then calculating the gross profit just involves multiplying those two numbers. To get to the final retail sticker price, add the gross profit to the original, wholesale cost.