Here, you can enter the cost of your product or service and what percentage profit (Percent Markup) you want to make. We will then calculate the sales price and your profit
when you press the "Markup" box below.|
What is Percent Markup?
Percent Markup is the percent of your cost that you want to add to the cost to get to the sales price. You need to add markup to your products and services in order to make a profit.
When considering what percent to mark up a product or service, remember that the Percent Markup only looks at
the variable cost for that particular product or service.
You probably also have other fixed costs associated with operating your business such as rent, salaries, electricity, taxes, and so on.