I’ve watched your videos on how to calculate margin not markup. Yet you’re calling it markup. Eg. 25% markup is the same as 20% margin. Markup is always higher than margin. Therefore if you take the cost price you calculated of $44.20 and mark it up by the markup showing it would be $59.67. So you would be wrong. The correct calculation is $68 /1.35=$50.37. That’s why it’s called markup not markdown.
So great helps us in various problems. Thanks a lot
I’ve watched your videos on how to calculate margin not markup. Yet you’re calling it markup. Eg. 25% markup is the same as 20% margin. Markup is always higher than margin. Therefore if you take the cost price you calculated of $44.20 and mark it up by the markup showing it would be $59.67. So you would be wrong. The correct calculation is $68 /1.35=$50.37. That’s why it’s called markup not markdown.
What is margin?
NICE
Pro
Revenue =sell price
Cost=retail price
Profit?
Markup=?
Margin?
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Not even helpful