How to Find Selling Price - Easy Trick - With Cost Price and Markup

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How to Calculate Selling Price Easy Trick - Mark Up Percentage
In this Video i am showing you how to calculate the selling price when the cost price and markup percentage is given. In the first step we have to calculate the amount of markup and in the second step we simply use the formula to calculate the selling price.
Cost Price = 800
Markup%=20%
Selling price=?
Markup=20/100*800
Markup =160
Selling Price= CP + Markup
Selling Price=800 + 160
Selling Price=960
#findsellingprice#merkup#percentage
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Опубликовано:

27 сен 2024

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Комментарии : 368

@elvahawker7111 3 года назад

He explane it better than my teacher

@samtube12 3 года назад

Thanks for your time

@MuhammadAli-sx5ud 3 года назад

Agr percentage na di ho tou phir like this entry ....... What will be entry ... Goods sold on2000 cash for costing...?

@MuhammadAli-sx5ud 3 года назад

Costing 300

@chantellotsile8682 2 года назад

so true i am with u

@mohibqureshi391 2 года назад

U r wrong..thw reason that you understood him over ur teacher...is bcuz now, u wanted to learn but in class...u just tried...think about it and you'll see it...i also thought that my teacher cant teach..but now i see y....😌

@TheAcrenshaw 2 года назад

Thanks for making it so simple; I’ve always have had trouble with math.

@eliasj.519 2 года назад

Thank you so much! I was having trouble with my teachers formula but this is way easier

@ebotgwapo4362 8 месяцев назад

Use calculator just add cost price and mark up%. automatically the total is selling price Example: 800+20%= 960

@CreativeMynd86 2 года назад

This was very helpful because I'm trying to start a business so this helps alot,still got alot of research to do but this helps

@Roxythedog1 8 месяцев назад

same

@jijyverdan4297 2 года назад

Thanks !! This is a huge help for us student who's teacher doesn't help us

@Mr.Axolotl14 Год назад

you explain better than my teacher! But i have a question is the 100 is constant? when u divide your mark-up percentage?

@unknow_jae Год назад

% means 100 so any thing with % on it is marked over 100 Eg.20%=20/100

@gaylemohamed4219 3 года назад

Thank you at last i can do it! So easily explained and such a calm voice. thank you

@samtube12 3 года назад

Glad it helped!

@chorioalheriphillip6917 2 года назад

What is a mark up ?

@anonje 2 года назад

Based on what to specify the mark up % ?

@MalawiPage 2 года назад

This is great for school, but in bysiness, make sure you consider the costs of doing business when considering your mark up. Even your mindset have to be adjusted to this reality. Selling price should include things like shipping, rental, salary... for the profit to make sense. This is the village tactic I use. Don't buy at 10 and sell at 20 and think you have made 10 profit. Net profit 📈 👌🏽 should be your friend.

@Mr.Axolotl14 Год назад

fax

@komalkashish1956 2 года назад

Thank you teacher 😃

@RandomPerson-ug8vu Год назад

This helped me so much! I had completely forgotten how to do this and I left my notes at school. I would’ve been lost without your video, again, thanks so much!

@TheSkylark16 8 месяцев назад

Execpt that was wrong, the correct numbers would be 1000

@RandomPerson-ug8vu 4 месяца назад

Oh well 🤷‍♀️ still ended up with an A in math so no harm done there

@avikverma2931 5 месяцев назад

Sir thankyou veru much my exams is tomorrow i was running shirt on time but then i found your video and you explained everything in short time thanks very much

@janemesajon158 2 года назад

You explained the concept very well

@azielly4700 2 года назад

Damn the explanation is so easy! He explain it better than my teacher.😳❤️

@2ndChance54 2 года назад

Very good explanation, Sir. This elped me to understand where to get the Markup value. New subscriber here

@Dani-v8t9i 5 месяцев назад

I love you bro for explaining it very thoroughly 😊 i fail my teacher in front of you because you explained very better than my teacher❤

@nelvilane9063 2 года назад

Your method is simple and straight forward

@rheadaniels4961 2 года назад

Thank you. Concise and easy to understand.

@maxmora4691 Год назад

This is not the proper way to calculate mark up. It’s not as simple as just adding a percentage. Say your cost price was 100 and you want a 30% the correct way to calculate mark up is 100/(1-30%). A real 30% mark up for a 100 cost price product would mean a selling price of 142.86.

@arielestrada5419 Год назад

Underrated comment. Came here to say the same. Your formula is the right way. So many people being misled by this video…

@TBNE4L 5 месяцев назад

One question, what is 1 suppose to be considered as? Taking notes, thank you for clarifying that 🙏🏾

@maxmora4691 5 месяцев назад

@@TBNE4L 100% I believe 👍🏼

@kashanj.2712 3 года назад

We can simply do that in one step. 20% mark up means we are selling at 120% of cost price. Just multiply 800 x 120% = 960

@nothadube2292 2 года назад

your formula is much more easier his formula is complicated thanks

@asefuseyoum2969 2 года назад

😂😂😂😂😂 u are the best

@zashkim931 2 года назад

Can I ask where did you get the 120%?

@chandramohanKammari Год назад

Cost price is 800 Mark up price 20% Then 800+20%= 960 If CP + Mark up % = Answer 40+25%=50

@MidnightThunderKid Год назад

@@chandramohanKammari You are the GOAT! I was struggling with this because I am at home sick doing HW and don't know wtf I am doing.

@lilink9695 2 года назад

Thank you soooooo much you don't understand how much I was struggling

@vinaysagarr8041 2 года назад

What’s the formula to covert from markdown to markup Example- if my markdown margin is 33% what will be markup margin ?

@nicc304 2 года назад

THANK YOU SO MUCH!!! YOU HELPED ME WITH MY ACTIVITY

@alphymathew1410 Год назад

wow you made it so easy thank you!

@rohitkandiyal4126 2 года назад

Simple & best way ....... Appreciate

@dorisezerie 2 года назад

If I don't have a selling price and markup %, is it ok to assume any markup percentage?

@koimillaalfred4329 Год назад

Very useful, the way you explained slowly and showed the calculations is very useful.👍👍👍👍

@sirajpatel474 2 года назад

thanks a lot now i undrestand this formular tomorrow is me economic exam kno i am ready for the exam

@391biswamoyroy7 2 года назад

Selling price = Item cost/(1-markup price) Thats the formula right sir?

@kinyamwiraria2207 Год назад

Thank you Sam , so much , it was good the way you calculated a Selling Price.

@therealfamily1500 2 года назад

WOW understand better than my teacher 😁

@srykextraodinairecreation9962 2 месяца назад

Bare in mind diff product in diff industry have a diff profit margin. 1sy you have to know the compentative price in the market. Then look what addtional / minus value your product offer to customer. Its more complex than you think

@zhinvandewok3732 Год назад

May I know what are the differences between retail price and selling price?

@AnnishaJulius 5 месяцев назад

Thanks for helping me out with this calculation ❤

@gladyscalibara159 2 года назад

thank u sir for clearly teaching

@vickypham5849 2 года назад

Thank you for your help🙏🏽

@aamirparker5451 Год назад

Your a big help man i didnt understand it at first but now i do bc of u

@barrickfischer Год назад

so cost price as items are the costs of materials or services you wished to sell with added percentage/mark-up? am I getting that right?

@transformed613 Год назад

Why would not just multiply the $800 by 1.20% to get sale price of of $960? and save all those steps?

@Itsjust_ana Год назад

Hello! I know that this vid is 2 years ago but can you make an vid of how to take selling price and your allowance? For bakery?😊 Ty! And how did you get your marketing price

@Rmarmurray 11 месяцев назад

Bros voice is so soothing

@shilpakadam7384 2 года назад

He explain better than my teacher also

@sapnadevi9063 2 года назад

Thank you so much sir !

@siyakunenel3701 Год назад

Thank you so much 😊

@Syamthembu5 2 месяца назад

Thanks a lot for this information 👌👌but how to get markup %?

@MaimoonaZulfiqar-j4d 10 месяцев назад

Sir agar 80 percent markup on selling price. It then marks the item down to 50percent.purchase item is 50 Rs. Calculate final price?

@djentledavis 11 месяцев назад

Thank you so much!!! this helped me allot!

@takerufujiwara1612 2 года назад

Where did the percentage of mark up come from? Pls help

@baddinagardina629 2 года назад

exactly lol

@r3d._.p4nda Год назад

fell asleep when teach was teaching, this helps alot.

@PappaBear-u1r Год назад

Help me out here... it appears as if it cost you more to make the product than you actually made back from it... Or am I seeing this all wrong? Would not food cost divided by target food cost percentage yield a higher pay out? Honestly trying to learn. Thanks

@minghao9456 2 года назад

bro saved me 8 mins before my exam

@rashidamustafa9212 Год назад

Hello

@surbirchettri1104 3 года назад

Best teacher ❤

@Gaminggiant-mf4cr Год назад

Congratulations you got a new subscriber and a like.

@sooriyavarman 2 года назад

hi, thank you Sir good explanation

@nurain8057 Год назад

That is not markup, 960 dollar - 20% is 768 dollar. So where is 32 dollar? Help me

@armandochan3019 6 месяцев назад

what is the meaning of markup ? increasing price ? then when decreasing price is discount ?

@CrissaCabantog Год назад

This is useful. Thank you

@temjenlongkumer723 2 года назад

Tysm...u saved my day

@spanofclean6828 7 месяцев назад

If cp 40 mark up 25% selling price 40x 1.25=50 we calculate like this short cut..

@noneofyourbusiness919 2 года назад

What is markup the percentage of profit gain or loss gain ?

@LetlotloKasienyane 7 месяцев назад

Thank u so much for making it so simple 😊

@wakeendollie382 3 года назад

thanks man for explaining it. keep doing what you doing

@mhaygutierrez1327 2 года назад

Thank you for this. Keep making math videos

@thesarge4457 Год назад

Thank You Sir, I have trouble with math and I don't want to cut myself short, your explanation was very easy to follow. Thank You Sir. THE SARGE

@riyasdeen7349 Месяц назад

under which base or calculation in this markup 20% is decide

@alonzoalston5620 Год назад

When I do these I just move the decimal 2 places to change from percent multiple by cost the add the mark up

@metsortube3278 2 года назад

please solve this equation..chocolate cake and normal cake. Each unit of chocolate cake requires 9 units of raw material A and 2 units of raw material B. Each unit of normal cake requires 12 units of raw material A and 6 units of raw material B. Each type of cake requires a raw material C. The company has 720 units of raw material A, 300 units of raw material B and 75 units of raw material C. Respective profit from chocolate cake is Birr 45 and normal cake is Birr 70. a) Develop linear programing problem b) Write the problem in standard form c) Solve the problem using simplex method