You sell clothing and accessories at your store. So the formula for calculating markup is. For example if a product costs 100 then the selling price with a 25 markup would be 125.
The first step is to find out the sales per unit of the company or price per unit of the product which the company is.
Other than the markup percentage calculator there is another option known as Markup Percentage Formula or markup formula. Gross Profit Cost of Unit x 100. The markup equation or markup formula is given below in several different formats. Find out your gross profit by subtracting the cost from the revenue.