Formula

  • Thread starter Thread starter don
  • Start date Start date
D

don

I know that an item that retails for $30,950 has a 54%
markup from the original cost. How do I figure out the
original cost?

Don
 
Logic:

$30,950 = cost*1.54

Therefore:

Cost = 30,950/1.54

So the formula would be:

=30950/(1+0.54)

or more generally:

Cost = Retail/(1+MarkupPercentage)
 
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