Markup Costs

[Christine]

Hello
I am setting up a business and working with an excel worksheet. I am new to figuring most of this out, but got the basics down (I think). In my worksheet I have manufacturers selling price and then my cost. I need to see how much of a mark up there is from the manufacturers selling price to our cost (what I pay for the product). Example: Cost of an item from a retailer is: $229.99; my cost is: $169.99. What like to know the percentage markup. Thanks for your help
Christin
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[Jason Morin]

A1: $229.99
A2: $169.99

=A1/A2-1

Format the formula cell as %.

HTH
Jason
Atlanta, GA

-----Original Message-----
Hello:
I am setting up a business and working with an excel

worksheet. I am new to figuring most of this out, but got
the basics down (I think). In my worksheet I have
manufacturers selling price and then my cost. I need to
see how much of a mark up there is from the manufacturers
selling price to our cost (what I pay for the product).
Example: Cost of an item from a retailer is: $229.99; my
cost is: $169.99. What like to know the percentage
markup. Thanks for your help.

 

[Christine]

Thank you Jason for your reply. It helped so much............. Have a most wonderful weekend.