Answer to Question #99948 in Financial Math for Lucas McNamara

Question

Price 185.00 markup% 125% markup answer

Answer 1

Markup is the amount added to the cost price of goods to cover overhead and profit.

To receive amount not in % but in some relative currency we need multiply by the amount of % and then divide by 100. Or, just multiply by 1.25.

The new price is 185.00*125/100=231.25.