Introduction to Markup and Margin Math

Tutorial from a 1st year university Introduction to Marketing class which demonstrates the fundamental concepts of how to calculate markup and margin using algebra, and for those who hate algebra, an "MC Chocolate bar" graphic method.

[@Sam-81_98]

An easier way to remember is that in case of markup you use the formula say markup of 30% is markup = (1+0.30)* cost price
But a margin of 30% is CP/0.70 is the margin.

[@mongrellover]

I was racking my brain trying to get an understanding of this concept before you put it so clearly. Separating the relationship between dollars and percentages, vs trying to combine and getting them mixed up, is what really helped me out.

[@NanaMona8a]

I cannot believe how easy you made this for me! I have been having trouble grasping the whole process and after watching your video I finally get it. Thank you so much!!!

[@meg1794]

Very useful, thanks Amanda! I noticed you haven’t added any new videos in a few years, any chance you have any more content like this you could add to your channel? Would be very much appreciated! Thank you!

[@Anthropo]

$35 divided by 0.6 (on the calculator) = 58.33
The 0.6 is equivalent to 40% but expressed as a decimal because 100 - 40 is 60 and because 60 is lower than 100, it is calculated as 0.6

[@lucianadias1262]

Very helpful and best explanation of all! Thank you!

[@nayarajha4647]

Thank you! Very helpful video. So lucky to be one of your students :)

[@dianasanchez5320]

The explanation was perfect!!! Thank u :D

[@irynablair4105]

Perfect explanation! Easy to understand

[@snowy4482]

explanation is easy to understand. great teaching!!

[@nithikasn]

Dear Amanda,Do you know how to cost Lumpsum Costing and how to figure out the variation of cost?

[@LegendarySriyan]

Excellent for clarifying in easier way...!

[@suodfaraj95]

Hey Amanda, would it not be easier to use the below calculation to work out what my selling price would be if I know my MG% and cost :
solve for selling SP = cost ($35) / 60% = $58.33
E.g 2 : my cost is $50 and i would like to make 20% MG, therefore my selling price would be $62.50

[@houriarimani2416]

this is the best video ever. please make more videos. I have understood everything very clearly. thank you ver much xoxo.

[@shikhashah1280]

Thanks a lot!! The explanation was amazing.

[@mattschoular8844]

IMO, you have taken a simple set of calculations and made them very complicated..

[@gatluakhothpajok8161]

thanks you very much for your help full lesson it be come easy for me now but my question is that what is difference between margin and markup? I'm a student from accounting and finance but i'm taking mathematics for finance in University of Gondar,Ethiopia

[@pffriddle1360]

Great tutorial

[@farheen2399]

Very helpful. Thank you!!!❤

[@Rustyjames667]

great info, thanks!!

[@densito]

Thank you Amanda

[@yolisacwengavika7116]

thanks alot Amanda

[@snehakrishnan7074]

Really good explanation.
Margin: SP is 100%
Markup: Cost is 100%
makes life so simple!
For the second problem with 40% margin, wouldn't the following three steps be simpler?
Profit = Cost Price + Margin
x = 35 + 0.4x (40% of x Since margin is a primary function of profit)
0.6 x = 35
x = $58.33

[@NightlyMirror]

Even easier, Sneha - cheat with a Casio calculator: enter, 35 COST 40 MAR SELL [58.33%] Done. lol

[@andrewtimms4299]

I can't work out how you got $45. I calculate it to $49. What am i doing wrong?

[@amirfadhly6608]

No idea.. I got 49 too

[@abdullahsaad3204]

any one can help me in this problem I have this question

[@krishant]

I don’t like algebra , but I ♥️VE chocolate bar 😍😊

[@RehanKhan-tc1xp]

Wow.........

[@unsealedbrush]

Really good insight. *Thumbs UP* Saved me a lot of time.

[@HammitCreates]

cool

[@johnsonbrown5735]

Dear Madam. Simple, concrete and didactic.🙏🏼 Excellent

[@robertparks2933]

Thank you this really helped out!!!

[@marshaclarke477]

Very helpful!! Thank you.

[@will2tao]

Thanks! brings back calculus

[@beteltree]

brilliant explanation! Exactly what my logical-visual brain requires.

[@rrhounslow]

really good i want a chocy now

[@wagmanager]

Markup, Margin aren't too lovely words ...where is cost, gross profit, gross profit %...

[@stephaniewong3027]

Why so complicate? Just price multiply %, adding up and gives the answer

[@milenmetodiev9294]

support.corebridge.net/support/solutions/articles/19000018689-margin-vs-markup

[@serenepang3216]

Terrible Math Presenter.

[@patrickhoyle8357]

Sorry can't listen, your voice is one long mono tone. Extremely dull and boring, really not nice. The screen is confusing too. Why clutter it with pointless stuff like MC Chocolate Bar? that is an unnecessary screen filler that just adds to the overall mess.