Figuring the kept-up markup is genuinely basic. You have all the current data.
The fundamental equation to ascertain the kept up markup is:
Kept up Markup = Actual Retail Price – Cost/Actual Retail Price.
As MMU is generally communicated in rate. Duplicate the outcome acquired with 100 to communicate it as a rate.
All in all, kept up markup is the real selling value less the expense of the item.
Here is a guide to comprehend the figuring somewhat better. We should accept you have an online shop selling dresses and the cost of a dress is $ 100, its expense is $ 40.
The underlying markup as the definition goes would be Original cost - Cost ÷ Original Price = 100 - 40 ÷ 100 = 0.6 or 60%.
Presently the retailer chooses to change the cost to $60. So what might the kept-up markup be for this situation?
Passing by the equation, it's (Actual Selling Price – Cost ÷ Actual Selling Price) x 100, which is 60 - 40 ÷ 60= 0.33 or 33%.
