Markup Multiplier Calculator

Formula

To calculate the Selling Price (SP):

\[ SP = CP \times \left(1 + \frac{M}{100}\right) \]

Where:

$SP$ is the Selling Price in dollars
$CP$ is the Cost Price in dollars
$M$ is the Markup Percentage in %

What is Markup?

Markup refers to the difference between the selling price of a product and its cost price. It is often expressed as a percentage over the cost. This percentage is used to determine the selling price of an item to ensure a profit is made. Markup is a critical concept in retail and other industries where goods are sold for more than they cost to produce or purchase.

Example Calculation 1

Let's assume the following values:

Cost Price ($CP$) = $50
Markup Percentage ($M$) = 20%

Using the formula:

\[ SP = 50 \times \left(1 + \frac{20}{100}\right) = 50 \times 1.20 = 60 \text{ dollars} \]

The Selling Price is $60.

Example Calculation 2

Let's assume the following values:

Cost Price ($CP$) = $100
Markup Percentage ($M$) = 15%

Using the formula:

\[ SP = 100 \times \left(1 + \frac{15}{100}\right) = 100 \times 1.15 = 115 \text{ dollars} \]

The Selling Price is $115.