Business Mathematics: Selling - Markup Conversions

Conversions between percent markups based on retail and cost are often necessary in business.

We can convert percent markup based on retail (selling price) to a cost base by using the following formula:

Example
What is the percent markup on cost if the markup on retail is 63%?

The percent markup on retail can be calculated from the markup on cost by using the following formula:



Example
What is the percent markup on retail if the markup on cost is 45%?


Solved Problems:

9.21  What is the percent markup on cost if the percent markup on retail is 50%?

Solution


9.22  What is the percent markup on cost if the percent markup on retail is 64%?
 

Solution


9.23  What is the percent markup on cost if the percent markup on retail is 37%?
 

Solution


9.24  Find the percent markup on retail if the markup on cost is 125%.
Solution


9.25  Find the percent markup on retail if percent markup on cost is 27%.
Solution