Are these two claims equivalent, in conflict, or not comparable because they're talking about different things?
1. We mark up the wholesale price by 33% to come up with the retail price
2. The store has a 25% profit margin

A markup is a profit percent added to the cost price to determine the selling price. Thus, markup relates the percentage of profit to the cost price.

The profit margin relates the percentage of profit to the selling price.

Data and Calculations:

Selling price = 100%

Profit margin = 25%

Cost price = 75% (100% - 25%)

Markup = 33% (25%/75% x 100)

Thus, these two claims about markup and margin are equivalent.

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Are these two claims equivalent, in conflict, or not comparable because they're talking about different things? 1. We mark up the wholesale price by 33% to come up with the retail price 2. The store has a 25% profit margin

Respuesta :

What are markup and margin?

Data and Calculations:

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Are these two claims equivalent, in conflict, or not comparable because they're talking about different things?
1. We mark up the wholesale price by 33% to come up with the retail price
2. The store has a 25% profit margin