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Easily calculate markup percentage with our Percent of Markup Calculator. Get accurate pricing, profit margins, and selling prices instantly!
When running a business, pricing your products correctly is crucial for making a profit. The percent of markup calculator helps you determine how much to increase your cost price to set the right selling price. Whether you're in retail, wholesale, or any other business, understanding markup percentage ensures profitability.
Markup percentage is the amount added to the cost price of a product to determine the selling price. It is expressed as a percentage of the cost price. The formula for calculating markup percentage is:
Markup Percentage Formula:
Markup Percentage = ((Selling Price - Cost Price) / Cost Price) × 100
For example, if a product costs $50 and is sold for $75, the markup percentage is:
((75 - 50) / 50) × 100 = 50%
Using our online markup percentage calculator is simple:
This tool eliminates manual calculations, ensuring accuracy in pricing.
Many people confuse markup and profit margin, but they are different:
| Term | Formula | Example (Cost = $100, Selling Price = $150) |
|---|---|---|
| Markup | (Selling Price − Cost Price) / Cost Price × 100 | (150 − 100) / 100 × 100 = 50% |
| Margin | (Selling Price − Cost Price) / Selling Price × 100 | (150 − 100) / 150 × 100 = 33.3% |
A 50% markup does not mean 50% margin. The margin is always lower than the markup percentage.
Selling Price = 921.60 + (921.60 × 115%) = 921.60 × 2.15 = 1,981.44
The new selling price will be $1,981.44.
Selling Price = 1 + (1 × 100%) = 1 × 2 = 2
A 100% markup means the selling price doubles, so it will be $2.
If a product costs $50, a 30% markup would be:
50 + (50 × 30%) = 50 + 15 = 65
The selling price will be $65.
The percent of markup calculator is essential for businesses looking to price their products effectively. It helps determine how much profit you make on each sale. Whether you need a markup cost calculator, product markup calculator, or sales markup calculator, this tool simplifies your pricing strategy.
A good markup depends on the industry. Retail businesses often use 50% or higher, while wholesale businesses may use 10-20%.
Use the formula:
= (Selling Price - Cost Price) / Cost Price * 100
to calculate the markup percentage.
Yes, if you sell a product for less than its cost price, the markup is negative, meaning a loss.
Profit Margin = (Selling Price - Cost Price) / Selling Price * 100