Question about Office Equipment & Supplies

# I don't know how to do percents.like sport bag \$40,30% markup how do i know what is the mark up how do i get to that number

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What's 10 % of 40? 4(now times by 3) so 30% of 40 must be 12 so the markup price would be 52\$ just add the number(12) you got from your percentage and the 40 and bam u got your answer. Hope u understand

Posted on Jan 06, 2009

Hi,
a 6ya Technician can help you resolve that issue over the phone in a minute or two.
Best thing about this new service is that you are never placed on hold and get to talk to real repair professionals here in the US.
Goodluck!

Posted on Jan 02, 2017

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Hi,
I think you should refer to you definitions. The 20% is called the markup. The profit margin is calculated with respect to the revenue. So you should divide the 400\$ by 2400\$ to get a net profit margin of 400/2400 =0.1667 or 16.67% (And we are not taking into account the taxes).

Margin = Markup /(price + Markup)
Markup = Margin* (Price +Markup)
Markup = Margin*Markup + Margin* Price
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Try not to reason with numbers. Write the defining relation and use algebra to isolate for the variable you seek.

Hope it helps.
Thank you for using Fixya and for rating this solution.

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