What is the formula to find the markup percent of an item if for example the item is based 700 and you sell it for 3500?

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Answer 1 · 2017-01-04T19:53:12

The formula for a rate change or markup percent is:

$p = (N - O)/O * 100$

The formula for a rate change or markup percent is:

$p = (N - O)/O * 100$

Where:

$p$ is the percentage change - mark up if positive, mark down if negative.

$N$ is the New price

$O$ is the Old price

Solve for this problem gives:

$p = (3500 - 700)/700 * 100$

$p = 2800/700 * 100$

$p = 4 * 100$

$p = 400$

There is a 400% mark up.