Markup Calculator

Markup is calculated by adding a certain percentage of profit to the cost price of a product or service. The markup percentage represents the proportion of profit added to the cost price. Here’s how to calculate markup.

Markup Formula:

$$Markup\;=\;Cost\;Price\;\times\;(\frac{Markup\;Percentage}{100})$$

Where,

Markup is the amount added to the cost price to determine the selling price.

Cost Price is the original cost of the product or service.

Markup Percentage is the desired percentage of profit to be added to the cost price.

To calculate the selling price using markup, you add the markup amount to the cost price.

Selling Price = Cost Price + Markup

Alternatively, if you want to calculate the selling price directly using the markup percentage, you can use the following formula.

$$Selling\;Price\;=\;Cost\;Price\;\times\;(1\;+\;\frac{Markup\;Percentage}{100})$$

For example, let’s say you have a product with a cost price of $50 and you want to apply a 30% markup.

$$Markup\;=\;50\;\times\;(\frac{30}{100})\;=\;15$$

So, the markup amount is $15.

Selling Price= 50 + 15 = 65

Alternatively,

$$Selling\;Price\;=\;50\;\times\;(1\;+\;\frac{30}{100})\;=\;65$$

So, the selling price would be $65.