Given: Cost = $105.19, Markup = 35%
Markup as a Decimal: 35% = 0.35
Formula:
Selling Price = Cost * (1 + Markup as a Decimal)
Selling Price = $105.19 * (1 + 0.35)
Selling Price = $105.19 * 1.35
Selling Price = $142.01
Notes:
Markup Amount = Selling Price – Cost = $142.01 – $105.19 = $36.82
Profit = Markup Amount = $36.82
Profit Margin =
Markup as a Decimal: 35% = 0.35
Formula:
Selling Price = Cost * (1 + Markup as a Decimal)
Selling Price = $105.19 * (1 + 0.35)
Selling Price = $105.19 * 1.35
Selling Price = $142.01
Notes:
Markup Amount = Selling Price – Cost = $142.01 – $105.19 = $36.82
Profit = Markup Amount = $36.82
Profit Margin =
Profit/
Selling Price
=
$36.82/
$142.01
= 0.2593 = 25.93%