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?

1 Answer
Jan 4, 2017

Answer:

The formula for a rate change or markup percent is:

#p = (N - O)/O * 100#

Explanation:

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.