A good was sold using a markup rate of 35%. Find the selling price of the good that cost the retailer $25.28?
Calculate markup amount: Markup amount = Original Price x Markup %
Markup amount = $25.28 x 35%
Markup amount = $8.85
Calculate selling price: Selling Price = Original Price + Markup Amount
Selling Price = $25.28 + $8.85
Selling Price = $34.13
How does the Markup Markdown Calculator work?
Given the 3 items of a markup word problem, cost, markup percentage, and sale price, this solves for any one of the three given two of the items. This works as a markup calculator, markdown calculator.
What 3 formulas are used for the Markup Markdown Calculator?
Markup amount = Original Price x Markup % Markup Amount = Final Price - Original Price Original Price = Markup Amount/(1 + Markup %)
For more math formulas, check out our
Formula Dossier
What 6 concepts are covered in the Markup Markdown Calculator?
cost an amount that has to be paid or spent to buy or obtain something margin the current level of an activity markdown how much less a companys selling price is than the amount the item costs the company. markup how much more a companys selling price is than the amount the item costs the company. markup markdown word problem Math problems involving a lengthy description and not just math symbols
Example calculations for the Markup Markdown Calculator Markup Markdown Calculator Video VIDEO
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