Calculating Markup From Price

Posted by Professor Cram in Markup and Markdown

Calculating Markup from Price

Calculating price markup is a breeze with our popular Formula Solver! Series. Use your own numbers and solve for either cost, markup rate, or price. It’s great for checking your homework answers, too!

The Flash plugin is required to view this object.

Share

Comments

2 Responses to “Calculating Markup From Price”

  1. tac says:

    Shouldn’t the formula be: Price=Cost*(1+Markup). Take for example, cost = $1, markup = 50%. Then the formula would be 1*(1+.5)=$1.50, which is the correct selling price at a 50% markup. However, your formula applied to the same example looks like this: $1/(1-.5)=$2, which is incorrect. $1 marked up 50% is not $2!

  2. Professor Cram says:

    A fair question, Tac. There are two ways to calculate markup – from Price and from Cost. The formula you describe is for figuring Markup from cost, while this example here is figuring it from the price.

    We do have a formula solver that calculates Markup from Cost, check it out in the “Get More Help” section below.

Leave a Reply