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
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.
Multiply by 1.75
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.
(Selling Price - Cost price)/Selling Price * 100
$4.47
Multiply by 1.75
36 percent
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 correct formula when markup is based on the selling price is selling price is equal to the markup plus the cost. This enables traders make profits.
$35.71
100 percent markup will double the price. 200 percent markup would triple the price. (For markup read increase.)
1o=90
Selling price less profit equals cost price. The markup is the profit plus cost price.
420