To calculate the percent markup based on the selling price (also known as the rate), you would use the following formula:

$$\frac { \text { Selling Price (base) } } { \text { Markup (portion) } }$$

Question

To calculate the percent markup based on the selling price (also known as the rate), you would use the following formula:
​
​ $$\frac { \text { Selling Price (base)  } } { \text { Markup (portion)  } }$$

Quizplus · Accepted Answer

The correct formula for percent markup based on the selling price is $\frac{\text{Markup (portion)}}{\text{Selling Price (base)}} \times 100\%$.

To Calculate the Percent Markup Based on the Selling Price Selling Price (base) Markup (portion) \frac { \text { Selling Price (base) } } { \text { Markup (portion) } } Markup (portion) Selling Price (base) ​

To Calculate the Percent Markup Based on the Selling Price $\frac { \text { Selling Price (base) } } { \text { Markup (portion) } }$