How Do I find the retail price with a percent markup?
Part of the Math Series of questions, How Do I...
This question came to us from a merchant in Cathedral City, California. There are many different ways to come to a retail price for the customer. This particular method takes the entire cost (all factors included), takes a defined percentage of that (as markup) added to the cost, and that resulting value is the retail price. Enter the cost and your desired markup percentage as a whole number (10 = 10% or .10) and click on Calculate. You may click on Clear Values to do another.
Why and how? The generally accepted formula for this (the one this calculator uses) is:
Retail = cost + (markup percentage x cost)
An alternative to that is to designate the cost amount as 100% and add the markup percentage to it. For example if your cost is $10.00 and you wish to markup that price by 40%, 100% + 40% = 140%. Multiply the $10.00 cost by 140% and get the retail price of $14.00.
You may also wish to visit our Retail Sales Calculator. Click here to return to the Math - How Do I - Converters and Calculators Menu.
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