A good is bought wholesale for $1.60
The good is sold for $1.85
What is the markup rate?
Calculate Markup Amount:
Markup Amount = Final Price - Original Price
Markup Amount = $1.85 - $1.60
Markup Amount = $0.25
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 = | $0.25 |
| $1.60 |
x = 0.15625
Convert to Percentage:
Markup Percentage = 100 x 0.15625 = 15.63%
Final Answer
Markup Percentage = 100 x 0.15625 = 15.63%
What is the Answer?
Markup Percentage = 100 x 0.15625 = 15.63%
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
