how to calculate mark-up percentage. pls answer fast so urgent!!
Answers
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Answer:
1. Review the equation
To find markup percentage, businesses use the markup percentage formula:
Markup Percentage = (Markup / Cost) x 100%
2. Determine markup
Markup is the difference between selling price and cost:
Markup = Selling Price - Cost
3. Divide markup by cost
With markup determined, a business or individual calculates markup percentage next. Using order of operations, calculate the quotient of markup and cost:
Markup Percentage = (Markup / Cost)
4. Convert to a percentage
Most quotients result in decimal answers. To determine markup percentage, convert the answer to a percentage by multiplying it by 100:
(Quotient) x 100%