Markup(or price spread) is the difference between the selling price of a good or service and cost. Retail markup is commonly calculated as the differencebetween the wholesale price and retail price, as a percentage of wholesale. Other methods are also used.
EXTRA!
What is the formula of markup?
Simply take the salesprice minus (-) the unitcost, and divide (÷) that number by the unitcost. Then, multiply (x) by 100 to determine the markuppercentage. For example, if your product costs $50 to make and the sellingprice is $75, then the markuppercentage would be 50%: ( $75 – $50) / $50 =. 50 x 100 = 50%.
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Answer:
Markup (or price spread) is the difference between the selling price of a good or service and cost. Retail markup is commonly calculated as the difference between the wholesale price and retail price, as a percentage of wholesale. Other methods are also used.
EXTRA!
What is the formula of markup?
Simply take the sales price minus (-) the unit cost, and divide (÷) that number by the unit cost. Then, multiply (x) by 100 to determine the markup percentage. For example, if your product costs $50 to make and the selling price is $75, then the markup percentage would be 50%: ( $75 – $50) / $50 =. 50 x 100 = 50%.
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