A good is bought wholesale for $50.00 and then sold for $75.00. What is the markup rate?
Calculate Markup Amount:
Markup Amount = Final Price - Original Price Markup Amount = $75.00 - $50.00 Markup Amount = $25.00
Calculate Markup Rate:
Let us define our rate as (x) Markup Amount = Original Price(x)
Divide each side by Original Price to isolate x:
x =
Markup Amount
Original Price
Plug in our numbers and solve:
x =
$25.00
$50.00
x = 0.5
Convert to Percentage:
Markup Percentage = 100 x 0.5 = 50%
What is the Answer?
Markup Percentage = 100 x 0.5 = 50%
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. This calculator has 3 inputs.
What 3 formulas are used for the Markup Markdown Calculator?