"Figured As A Percentage Of The Sellers Cost"

Figured as a percentage of the sellers cost

 

The percentage o markup of the item depends on the product costs. Pricing management is very important in business as this will bring success or failure to the enterprise. Proper determination of price will persuade customers to buy your product. Pricing should not be low nor high as this will cause disappointment of  customers and bankruptcy in business. If your price is low your business will suffer and if your price is high your customers will not come back for more. Pricing should be standard and in accordance with proper computation.  Kindly refer my sample computation below.

Here is an example on how to get a selling price by following simple steps and formula .

Cost + (Cost x Markup Percent) = Selling Price

If you a product cost of 50 and then you markup it with  75%, to know selling price the illustration will be like this.

50+(50 x .75)=selling price

50+37.50 = 87.50 is your final selling price.


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