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Calculate markup percentage or selling price based on your cost.
If selling price known: Markup% = (Price - Cost) / Cost × 100. If markup% known: Selling Price = Cost × (1 + Markup%/100).
Result: Markup: 40%, Selling Price: $70.00, Profit: $20.00
Markup is % of cost. Margin is % of price. 50% markup = 33.3% margin.
Retail markup varies: 50-100% for clothing, 30-50% for electronics, 100-300% for jewelry.
Research competitor pricing, understand your target market willingness to pay, and ensure your markup covers all costs including overhead, shipping, and marketing expenses.
Not necessarily. Low-demand or niche items can support higher markups of 100-200% while competitive commodity items may only sustain 20-30% markup.
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