Calculate markup percentage, selling price, and profit margin from cost price. Enter your cost and desired markup or margin to determine the optimal selling price. This free markup calculator helps with pricing strategy and profit analysis.
Input the cost price of your product or service. This is the amount you pay to acquire or produce the item.
Enter your desired markup percentage. For example, a 30% markup means you add 30% of the cost to determine the selling price.
The calculator instantly shows the selling price, profit amount, and gross margin percentage. Use these numbers to make informed pricing decisions.
Q: What's the difference between markup and margin?
A: Markup is the percentage added to the cost price to get the selling price. Margin is the percentage of the selling price that is profit. A 30% markup equals approximately a 23% margin.
Q: What is a good markup percentage?
A: Typical markups vary by industry: retail 50-100%, food service 100-300%, electronics 10-30%, and luxury goods 100-500%. Research your industry standards for guidance.
Q: How do I calculate markup manually?
A: Selling Price = Cost × (1 + Markup%). For example, $50 × (1 + 0.30) = $65. Profit = Selling Price - Cost.