https://www.sage.com/en-ca/blog/what-is-markup-percentage/
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What is markup?
Markup is the percentage increase over the cost price of an item.
You add the percentage to the cost price of a product to determine its selling price.
It’s the amount you’re “marking up” the price from what you paid for it.
Markup is calculated by dividing the profit (selling price minus cost) by the cost price and then multiplying by 100.
Markup formula
Markup = ((Selling price – Cost price) / Cost price) x 100
Example, if you sell a product for $100 that costs you $60 to produce, your markup would be:
Markup = ((100 − 60/60) × 100) = 66.67%
This means you’re selling the product for 66.67% more than it cost to produce.
In simple terms
Markup uses the cost price as the base and margin uses the selling price as the base.
Because of this, markup percentages will always be higher than margin percentages for the same item.
Margin Calculator
