Percent markup on selling price can be converted to percent markup on cost by formula.

Question

Quizplus · Accepted Answer

The formula to convert percent markup on selling price to percent markup on cost is:

Percent markup on cost = Percent markup on selling price / (100% - Percent markup on selling price)

This conversion formula allows a seller to determine the original cost of an item if they know the selling price and the percent markup on it.

Percent Markup on Selling Price Can Be Converted to Percent