Saud bought a TV set for Rs.12000. To make a desired profit he needs a 50% markup on selling price. What is his Rs. Markup?
The selling price would be 17.25 if it cost 15 and the percent of markup is 15.
$4.47
Selling for double what you paid for it.
50% markup.
3962 -1162 = 2800 which is dealer cost markup % = (3962/2800 - 1) times 100 to get percent = 41.5%
The selling price would be 17.25 if it cost 15 and the percent of markup is 15.
$4.47
Selling for double what you paid for it.
50% markup.
(Selling Price - Cost price)/Selling Price * 100
3962 -1162 = 2800 which is dealer cost markup % = (3962/2800 - 1) times 100 to get percent = 41.5%
Multiply by 1.75
36 percent
50%
a markup percent
1o=90
To calculate cost from markup on selling price, you first need to understand the relationship between cost, markup, and selling price. The formula for selling price (SP) with markup is SP = Cost + Markup. If you know the markup percentage, you can express it as a fraction of the selling price: Markup = SP × Markup Percentage. Rearranging the formula gives you Cost = SP - (SP × Markup Percentage), allowing you to calculate the cost based on the selling price and the markup percentage.