Calculate markup percentage, selling price, and profit margin. Perfect for setting product prices and understanding business profitability.
Formula:
Selling Price = Cost Price + (Cost Price × Markup%)
Profit = Selling Price - Cost Price
Markup is the percentage increase added to the cost price to determine the selling price. It represents the profit margin on a product.
No, they are different. Markup is calculated on cost price, while profit margin is calculated on selling price. Markup is always higher than profit margin.
Typical retail markup ranges from 25% to 100% depending on the industry. Electronics may have 10-25% markup, while clothing can have 50-100%.