Answer:
The markup formula is as follows: markup = 100 * profit / cost .
Step-by-step explanation:
For example if your cost is $10.00 and you wish to markup that price by 40%, 100% + 40% = 140%. Multiply the $10.00 cost by 140% and get the retail price of $14.00.
How do you calculate a 45 markup?
Simply take the sales price minus the unit cost, and divide that number by the unit cost. Then, multiply by 100 to determine the markup percentage.
