The markup formula is as follows: markup = 100 * profit / cost . We multiply by 100 because we express it as a percentage, not as a fraction (25% is the same as 0.25 or 1/4 or 20/80).
The markup formula is as follows: markup = 100 * profit / cost . We multiply by 100 because we express it as a percentage, not as a fraction (25% is the same as 0.25 or 1/4 or 20/80).
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Answer:
The markup formula is as follows: markup = 100 * profit / cost . We multiply by 100 because we express it as a percentage, not as a fraction (25% is the same as 0.25 or 1/4 or 20/80).
Step-by-step explanation:
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Answer:
The markup formula is as follows: markup = 100 * profit / cost . We multiply by 100 because we express it as a percentage, not as a fraction (25% is the same as 0.25 or 1/4 or 20/80).
Step-by-step explanation:
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