What is markup? Is there related of the percentage profit? The you needs to know the markup-meaning.
Markup definition is the percentage profit of the sales or how much a retailer increases the price over what they paid for it.
Which is how they make money to pay for all their costs and hopefully make a profit forms.
This percentage is called the markup. The amount added by a seller to the cost of a commodity to cover expenses and profit in fixing the selling price.
The difference between the profit and the cost price, computed as a percentage. Please refer to “How to Calculate Markup and Margin“.
Markup refers to the difference between the cost price and selling-price of a goods or service.
The definition is an amount added to the cost price to determine the selling price.
The simple example’s the cost is known, the sale price is the original-cost plus the amount of markup.
It is a business math or renown as Arithmetic Series. The blog category especially to the visitors information.