Markup measures the difference in your selling cost to that of the original cost of the product. The greater the markup percentage, more the profit. Revenue, Cost of Goods Sold (COGS) and Gross profit are the important terms one should be clear while considering markup percentage. Use this online calculator to calculate for the markup percentage of a product form its original cost.
Calculate Markup Percentage for selling price of Rs. 18 and cost price of Rs. 10.
Markup = (18 - 10)
= 8
Markup Percentage = 80%