pZ II Birdy
Veteran XX
Exactly.
edit: referring to gwarihiiri's post
Spoiler
edit: referring to gwarihiiri's post
The cost of an apple
- Thread starter Odio
- Start date
That's why I specifically said MARKUP. You guys all read the question, and the only guy that was brave enough to answer got it wrong.
gj
How to Calculate a Price Markup | eHow.com
Double reverse reverse reflected fail. Like I said, you'd be surprised how many people fail to answer a simple question like the one I asked. Way to fail.
Double reverse reverse reflected fail. Like I said, you'd be surprised how many people fail to answer a simple question like the one I asked. Way to fail.
qcksilver316
Veteran XV
That site is wrong. They even mention it in the comments.
If you mark something up 20%, you mark it up 20%. I'm not sure what you're looking for, but 20% of $2.00 is $0.40. Add the $0.40 (20% markup) to your cost ($2.00) and you get $2.40.
I think maybe your looking for margin, otherwise, it's not really a trick question as you intended.
Please explain otherwise.
Brb, I need to call my company to tell them I have been giving wrong prices for years because I don't know the difference between a markup and a margin.
Margin vs Markup Chart
15% Markup = 13.0% Gross Profit
20% Markup = 16.7% Gross Profit
25% Markup = 20.0% Gross Profit
30% Markup = 23.0% Gross Profit
33.3% Markup = 25.0% Gross Profit
40% Markup = 28.6% Gross Profit
43% Markup = 30.0% Gross Profit
50% Markup = 33.0% Gross Profit
75% Markup = 42.9% Gross Profit
100% Markup = 50.0% Gross Profit
qcksilver316
Veteran XV
fuck bitches, make money dude
But we aren't looking for profit? You want what the retail price is. The only value we have is how much you're marking up and how much you bought it for.
ScottTheWise13
Veteran XV
nice tags