Download presentation
Presentation is loading. Please wait.
1
MATHEMATICS OF SELLING
CHAPTER 8 MATHEMATICS OF SELLING
2
Section 8.1 Markup on COST
3
Vocab (p 300) Cost: amount paid to supplier after any discounts are taken. Selling price: price merchandise is offered for sale to the public. Markup, margin, or gross profit: difference between cost and selling price.
4
Operating expenses, or overhead: includes all expenses such as wages of employees, rent, utilities, insurance, advertising… Net profit (net earnings): the amount left for the business after operating expenses and cost of goods have been paid.
5
Basic Formula for Amount of Markup:
Selling price = Cost+Markup The cost is $ and the markup is $ Find the selling price.
6
Formula for % Markup based on COST
%Markup = Amt of Markup on cost Cost The cost is $ and the selling price is $ Find: A) the AMOUNT of Markup and B) the % Markup on Cost.
7
A retail buyer purchased some pedometers at a cost of $12 and will sell them for $16. What is the percent markup based on cost?
8
A 6-foot billiard table has a markup of $84, which is 35% based on cost. Find the cost and the selling price. The cost of some women’s slippers is $45. If the markup is 22% of cost, find the markup and the selling price.
9
Target sells a 2-pack of cotton socks for $4. 99
Target sells a 2-pack of cotton socks for $ If the markup is 30% on cost, how much can they afford to pay for the socks (cost)? The selling price of a telescope is $ If the markup is 40% based on cost, find the cost and the markup.
Similar presentations
© 2025 SlidePlayer.com. Inc.
All rights reserved.