What is the markup of a product?

[Reinaldo]

What is the markup of a product?

[Peter]

Markup is the amount of money above the cost of purchase or manufacture you sell your goods for. How to calculate it? Markup percentage value = (Sales less Cost of Goods Sold / Cost of Goods Sold) x 100 which is the same as: Markup percentage value = (Gross Profit/Cost of Goods Sold) x 100