How do I calculate markup and gross profit?
submitted by Lira

Razmataz Dillybean

Gross sales ÷ cost of sales x 100 and sales minus cost of sales = gross profit.

Jaws

E.g markup is 50% on cost. R150. Solution=50% 100%=200%. When you calculate for selling price it will be like this: R150x200÷100=R300. And for cost of sales it will be like this: R150x100÷200=R75. And gross profit -cost of sales.

Mangai

Calculation for Gross profit:Opening stock+purchase+trading expenses-sales-closing stock