Markups (expressed as a percentage of selling price) cannot be converted to markup percents expressed as a percentage of cost without knowing the actual selling price or the actual cost.

Question

Quizplus · Accepted Answer

Markups can be converted between selling price and cost percentages using the formula: Markup % on Cost = (Markup % on Selling Price) / (1 - Markup % on Selling Price).

Markups (Expressed as a Percentage of Selling Price) Cannot Be