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Over [174]
3 years ago
13

Which of the following is a correct formula when markup is based on selling price

Business
1 answer:
oksano4ka [1.4K]3 years ago
5 0
<span>perhaps u want the formula for the percentage of markup, giving the cost and selling price.
..(selling price) = (cost) + (Markup)
..(selling price) - (cost) = (markup)
so,
..(markup)/(selling price)*100% = ((selling price) - (cost))/(selling price) * 100%
.. =(1 -(cost)/(selling price))*100%

</span>
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