Markup % = (Selling Price - Cost) / Cost × 100. For example, if cost is ₹100 and selling price is ₹150, markup = (150-100)/100 × 100 = 50%.
How do I find selling price from markup?+
Selling Price = Cost × (1 + Markup%/100). For a ₹200 item with 40% markup: ₹200 × 1.40 = ₹280 selling price.
What is a standard markup for retail?+
Common retail markups: Grocery 5-15%, Clothing 50-100%, Electronics 10-30%, Jewellery 100-300%, Restaurants 200-400% on food. Markup varies significantly by industry and competition.