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Our Markup Calculator is an essential tool for determining the selling price of goods or services based on desired profit margins.
Markup refers to the percentage added to the cost price of goods to cover overhead and profit, a common practice in retail and other industries.
The formula to calculate the markup percentage is:
Markup is calculated by dividing the difference between the selling price and the cost price by the cost price, then multiplying by 100.
A 20% markup is calculated by multiplying the cost price by 1.20.
A 30% markup means the selling price is 30% higher than the cost price.
A 40% markup rate means the selling price is 40% more than the cost price.
Margin is calculated by subtracting the cost price from the selling price, dividing the result by the selling price, then multiplying by 100.
A 100% markup doubles the cost price, making the selling price 100% more than the cost.
The selling price formula is: Selling Price = Cost Price + (Cost Price × Markup Percentage).
In Excel, use the formula: =(Selling Price - Cost Price)/Cost Price to calculate the markup percentage.
To calculate percentage, divide the part by the whole and then multiply by 100.