Exactly.

Spoiler

except for 500 X 20% = $10

edit: referring to gwarihiiri's post :P

in this thread, vanster realizes he is the idiot.

Van full of fail

im eating a pacific rose apple right now yummo

uh, you guys might want to recheck that. lol

Originally Posted by DVADER

There is a difference between a 20% margin and a 20% markup vanster.

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

Originally Posted by Vanster

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.

He got it right.
Markup -> FC = DC * ( Markup + 1 ) = 2 * ( 0.2 + 1 ) = 2.4
Margin -> FC = DC / ( 1 - Margin) = 2 / ( 1 - 0.2 ) = 2.5

No he didn't.

Originally Posted by Dysc0rd

Originally Posted by Vanster

No he didn't.

That site is wrong. They even mention it in the comments.

... .. . ... ..

Originally Posted by Vanster

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.

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.

Margin vs Markup - wikiCFO

Originally Posted by Vanster

... .. . ... ..

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.

Originally Posted by BeLiaL

Margin vs Markup - wikiCFO

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

**** *****es, make money dude

Originally Posted by Vanster

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

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.

nice tags