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In this video learn the difference between Markup on Cost and Markup on Sell Price.
Excel & Business Math Class (Busn 135) taught by Michael Girvin at Highline College / Mike Girvin at excelisfun Channel at YouTube Channel.
Topics in Video:
1. (00:01) Introduction
2. (00:52) When Thinking About Markup, There Are Two Sides: Cost Side & Sell Price Side
3. (03:01) Both the Cost Side (Manufacturers & Distributors) & Sell Price Side (Retail Stores) Calculate the $ Markup the Same
4. (05:33) Learn Formulas For “% Markup”. Cost Side (Manufacturers & Distributors) uses Cost As Denominator and Sell Price Side (Retail Stores) uses Sell Price As Denominator
5. (12:27) Meaning of “% Markup On Cost” and “% Markup On Sell Price”
6. (13:25) Solve Markup on Cost Problem
7. (16:45) Solve Markup on Sell Price Problem
8. (19:25) Solve Both Markup on Cost & Markup on Sell Price Problems
9. (23:15) Summary
Next Video: 42 Excel & Business Math