Markup as a Percent of Cost (MU%C)
Example. The standard markup on costume jewelry at Balkis’s Boutique is 60%. The boutique just received a shipment of chokers costing $19.00 each. What is the retail price per choker?
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19 |
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| Stores cost in COST. | ||||
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60 |
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| Stores 60% in M%C. | ||||
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Markup as a Percent of Price (MU%P)
Example. Kilowatt Electronics purchases televisions for $225, with a discount of 4%. The televisions are sold for $300. What is the markup of the net cost as a percent of the selling price?
What is the markup as percent of price without the 4% discount?
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v225 | | Calculates and stores net | |||||||
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| Stores 300 in PRICE. | ||||||
| 300 | |
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| percent of price. |
Use $225 for COST and leave PRICE alone.
225 | | | Stores 225 in COST. | |
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52 3: Percentage Calculations in Business
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