MKT 100 Study Guide - Final Guide: Profit Margin

• School: McMaster University
• Department: Marketing
• Course: MKT 100
• Professor: Daryl D' Souza

Document Summary

Worksheet: metric 5 mark-up & margin: a computer software retailer uses a markup rate of 40%. The markup is 40% of the cost, so the markup is: (0. 40) * () = . Then the selling price, being the cost plus markup, is: Therefore the games sell for : a golf pro shop pays its wholesaler for a certain club, and then sells that club to golfers for . The markup dollars is calculated as sales price less cost: Markup (%) = markup dollars / cost *100. = 87. 5: a shoe store uses a 40% markup on cost. Find the cost of a pair of shoes that sells for . The cost of the shoes is calculated as follows: Mkt100 - metrics mastery worksheets: in 2009, donna manufacturing sold 100,000 widgets for each, with a cost of goods sold of . First we have to calculate the gross profit: Margin = selling price cost of goods sold.