Markup calculation

To calculate the markup as a percentage, you would divide the markup by the cost and multiply the result by 100:

Markup = (Selling price - Cost) / Cost * 100 = ($100 - $75) / $75 * 100 = $25 / $75 * 100 = 33.33%.

Therefore, in this example, the markup is 33.33%.

Markup is an important concept in business because it helps a company determine the selling price of a product. By adding a markup to the cost of a product, a company can cover its expenses and earn a profit. Markup is typically expressed as a percentage of the cost and can vary depending on the industry and the type of product being sold.

What is Finanshels?

What is Finanshels?Setting up a good small-business bookkeeping system can be an involved process, especially if you’re not an experienced bookkeeper. Rather than spending enormous time and effort on getting your books up and running, consider turning to Finanshels for help. We’ll set up your bookkeeping system to ensure that your business is starting off right – and we’ll save you a huge amount of stress.Want someone to help you organize your bookkeeping system? Try Finanshels