Markup
Cost: $7.63
Selling Price: $19.49
Markup?
$11.86
Markup: $126
Selling Price: $300
Markup Rate?
42%
Markup: $12.63
Overhead: $9.47
Net Profit?
$3.16
Net Profit: $11.25
Selling Price: $49.99Net Profit Rate?
22.5%
Markup Formula
Markup = Selling Price - Cost
Selling Price: $545.45
Cost: $372.72
Markup?
$172.73
Markup: $12.63
Selling Price: $26.99
Markup Rate?
46.8%
Markup: $15.88
Overhead: 35% of selling price
Selling: $32.99
Net Profit?
$4.33
Markup: $11.98
Overhead: $9.43Selling Price: $14.36
Net Profit? Net Profit Rate?
Net Profit = $2.55
Net Profit Rate = 17.8%
Markup Rate Formula
Markup Rate = Markup/Selling Price
Cost: $7.63
Selling Price: $12.43
Markup?
$4.80
Selling Price: $479.98
Markup? Markup Rate?
Markup Rate = 49.4%
Cost: $1.12
Selling: $2.19
Overhead %: 27%
Net Profit?
$0.77
AJ’s sells juniors’ cotton sweaters for $32.99 each. The markup on each sweater is $15.88, and the overhead is estimated at 35% of the selling price. What is the net-profit rate based on selling price?
13.1%
Overhead Formula
Overhead = Selling Price x Overhead Percent
Debbie sells fancy apples at the farmer’s market each Saturday. A dozen apples sell for $25. Debbie pays $1.75 for each apple. What is the markup on each apple?
$0.33 markup on each apple
Erica’s Country Furniture sells wood chairs for $179.49. It buys the chairs from a craft shop for $89.25. What is the markup rate?
An electric razor costs $54.39. Its selling price is $108.98. The overhead included in the price totals $22.85. What is the net profit on the razor to Del’s Pharmacy?
$31.74
Cost: $54.39
Selling: $108.98
Overhead: $22.85
Markup? Net Profit? Net Profit Rate?
Markup = $54.62
Net Profit = $31.77
Net Profit Rate = 29.2%
Net Profit Formula
Net Profit = Markup - Overhead
Yolanda’s Mini-Market sells decorated cupcakes for $29.99 a dozen. It costs Yolanda $1.25 to produce each cupcake. What is the markup on a dozen cupcakes?
$14.99 per dozen
Miday Quong buys a dozen bagels priced at $5.49 a dozen. The bakery’s cost for making the bagels is $2.25 per dozen. What is the markup rate based on selling price on a dozen bagels?
59%
A manufacturer charges $422 per license. Overhead costs are 50% of the final selling price. The cost to the manufacturer is $136. What is the manufacturer’s net profit?
$75
ALGEBRA Onondaga Electronics operates on a net-profit rate of 20% on its printer cables. If the markup is $8.95 and the overhead is $4.31, find the net profit and the selling price.
Net Profit = $4.64
Selling Price = $23.20
Net Profit Rate Formula
Net Profit Rate = Net Profit/Selling Price