© 2015 South-Western, a part of Cengage Learning

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Presentation transcript:

© 2015 South-Western, a part of Cengage Learning

Multiply the cost by the markup percent to get the dollar markup. to Compute the Selling Price Based on Cost Multiply the cost by the markup percent to get the dollar markup. Add the dollar markup to the cost to get the selling price. 2 © 2015 South-Western, a part of Cengage Learning

© 2015 South-Western, a part of Cengage Learning

Add the markup percent to 100%. to Compute the Selling Price Directly from the Cost Add the markup percent to 100%. Multiply this sum by the cost to get the selling price. 2 © 2015 South-Western, a part of Cengage Learning

© 2015 South-Western, a part of Cengage Learning

Add the markup percent to 100%. to Compute the Cost Directly from the Selling Price Add the markup percent to 100%. Divide the selling price by this sum to get the cost. 2 © 2012 South-Western, a part of Cengage Learning

© 2015 South-Western, a part of Cengage Learning

Subtract the cost from the selling price to get the dollar markup. to Compute the Markup Percent Based on Cost Subtract the cost from the selling price to get the dollar markup. Divide the dollar markup by the cost to get the markup percent. 3 © 2015 South-Western, a part of Cengage Learning

© 2015 South-Western, a part of Cengage Learning

Subtract the dollar markup from the selling price to get the cost. to Compute the Cost Based on Selling Price Multiply the selling price by the markup percent to get the dollar markup. Subtract the dollar markup from the selling price to get the cost. 4 © 2015 South-Western, a part of Cengage Learning

© 2015 South-Western, a part of Cengage Learning

Subtract the markup percent from 100%. to Compute the Cost Directly from the Selling Price Subtract the markup percent from 100%. Multiply this difference by the selling price to get the cost. 4 © 2015 South-Western, a part of Cengage Learning

© 2015 South-Western, a part of Cengage Learning

Subtract the markup percent from 100%. to Compute the Selling Price Directly from the Cost Subtract the markup percent from 100%. Divide the cost by this difference to get the selling price. 4 © 2015 South-Western, a part of Cengage Learning

© 2015 South-Western, a part of Cengage Learning

Subtract the cost from the selling price to get the dollar markup. to Compute the Markup Percent from the Selling Price Subtract the cost from the selling price to get the dollar markup. Divide the dollar markup by the selling price to get the markup percent. 5 © 2015 South-Western, a part of Cengage Learning

© 2015 South-Western, a part of Cengage Learning

Chapter Terms for Review cost of goods sold dollar markup markup markup based on selling price markup percent markup percent based on cost markup rate © 2015 South-Western, a part of Cengage Learning

Assignment 8.1: Markup Based on Cost Calculate the missing terms. © 2015 South-Western, a part of Cengage Learning

Assignment 8.1: Markup Based on Cost In the following problems, the markup percent is based on cost. Find the missing terms. © 2015 South-Western, a part of Cengage Learning

Assignment 8.1: Markup Based on Cost In the following problems, the markup percent is based on cost. Find the missing terms. Round all percents to the nearest tenth of a percent. © 2015 South-Western, a part of Cengage Learning

Assignment 8.1: Markup Based on Cost Business Applications. In the following problems, the markup percent is based on cost. Round all percents to the nearest tenth of a percent. © 2015 South-Western, a part of Cengage Learning

Assignment 8.1: Markup Based on Cost Business Applications. In the following problems, the markup percent is based on cost. Round all percents to the nearest tenth of a percent. (cont’d) © 2015 South-Western, a part of Cengage Learning

Assignment 8.2: Markup Based on Selling Price Calculate the missing terms. © 2015 South-Western, a part of Cengage Learning

Assignment 8.2: Markup Based on Selling Price In the following problems, the markup percent is based on selling price. Find the missing terms. © 2015 South-Western, a part of Cengage Learning

Assignment 8.2: Markup Based on Selling Price In the following problems, the markup percent is based on selling price. Find the missing terms. © 2015 South-Western, a part of Cengage Learning

Assignment 8.2: Markup Based on Selling Price Business Applications. In the following problems, the markup percent is based on selling price. Round all percents to the nearest tenth of a percent. © 2015 South-Western, a part of Cengage Learning

Assignment 8.2: Markup Based on Selling Price Business Applications. In the following problems, the markup percent is based on selling price. Round all percents to the nearest tenth of a percent. (cont’d) © 2015 South-Western, a part of Cengage Learning