Which of the following gives the correct formula for calculating markup percentage?
A) sales price/markup
B) sales price/fixed costs
C) fixed costs/variable costs
D) markup/sales price
E) sales price/variable costs

Question

Quizplus · Accepted Answer

D)For example, a reasonable sales price of $15 with a markup of $7 yields a markup percentage of 46.7 percent:$7/$15 = 46.7 percent.

Which of the Following Gives the Correct Formula for Calculating