A good was sold using a markup rate of 33%.
Find the selling price of the good that cost the retailer $281.40?
Calculate markup amount:
Markup amount = Original Price x Markup %
Markup amount = $281.40 x 33%
Markup amount = $92.86
Calculate selling price:
Selling Price = Original Price + Markup Amount
Selling Price = $281.40 + $92.86
Selling Price = $374.26
Final Answer
Selling Price = $374.26
What is the Answer?
Selling Price = $374.26
How does the Markup Markdown Calculator work?
Free Markup Markdown Calculator - 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.
This calculator has 3 inputs.
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 %)
Markup Amount = Final Price - Original Price
Original Price = Markup Amount/(1 + Markup %)
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
