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Math Help - Mark up

  1. #1
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    Mark up

    I have a product costing 4500 which has already had a 60% mark up applied to it. What is the calculation required to find the original price before the mark up was applied?

    Thanks!
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  2. #2
    Bar0n janvdl's Avatar
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    Quote Originally Posted by banyard2000 View Post
    I have a product costing 4500 which has already had a 60% mark up applied to it. What is the calculation required to find the original price before the mark up was applied?

    Thanks!
    (4500 / 160) * 100 = 2812,50
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  3. #3
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    Thanks very much.

    Is this caluclation different if i am calculated the cost when I am given the profit margin as a % instead of mark-up?
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  4. #4
    Bar0n janvdl's Avatar
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    Quote Originally Posted by banyard2000 View Post
    Thanks very much.

    Is this caluclation different if i am calculated the cost when I am given the profit margin as a % instead of mark-up?

    Well always treat the original price as 100%

    So if it went 60% up, the new price is 160%

    Then use the method of cross multiplication to solve:

    \frac{x}{4500} = \frac{100}{160}
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