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?

Question

2777 views around the world

You can reuse this answer
Creative Commons License

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.