Markup Calculator
Calculate selling price from cost and markup percentage. Essential for retail pricing.
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Understanding Markup
Markup is the percentage added to the cost price to determine the selling price. The formula is: Selling Price = Cost × (1 + Markup% ÷ 100).
Common Markup Percentages by Industry
- Grocery: 10-30% markup
- Clothing: 50-100% markup
- Jewelry: 100-300% markup
- Restaurants: 200-400% markup on food
Markup vs. Margin
Don't confuse markup with margin! A 100% markup means you double the price (cost $50, sell $100), giving a 50% profit margin. A 50% margin would require a 100% markup.
Frequently Asked Questions
Markup is the amount added to the cost of a product to determine its selling price. It's expressed as a percentage of the cost. A 50% markup on a $10 cost means the selling price is $15.