Question

Markup Percent

on Cost ???

Selling Price 100%

Markup Percent
on Selling Price
13.0%

Answer 1

FORMULA

• Markup Percent on Cost = (Profit ÷ Cost) × 100

• Markup Percent on Selling Price = (Profit ÷ Selling Price) × 100

ANSWER

Given that the markup percent on selling price is 13.0%, it means that the profit is 13.0% of the selling price.

P.S.

Without the cost, we can't do anything for this information. Thank you!