The most basic formula in retail is Cost + Mark Up = Selling Price.
“Cost” is the amount you pay for an item and “mark-up” is the amount by
which retailers increase the price to cover expenses and profit. Under
the retail method, the selling price of an item is always 100%. Both
costs and mark up can be expressed as a percentage of the “selling
price”.
Keep in mind cost nor mark up can ever be more than 100%. If for
example, you bought an item for $48.00 and sold it for $100.00 your
gross profit or margin would be $52 and your mark up would be 52%. Every
retailer in the world should know their costs, mark up, and selling
price.
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By digitally signing this form you are providing with your express written consent to send you business and marketing communications via text messages (SMS), email, and by calls or prerecorded messages dialed by a natural person or by an automatic or automated telephone dialing system. This express written consent applies to each such email address or telephone number that you provide to us now or in the future and permits such communications regardless of their purpose, unless you opt out of SMS marketing communication when submitting this form. Consent not required to register. Message frequency varies, message and data rates may apply. Text STOP to cancel, call for help.
