Please calculate a full selling price for a water pump replacement incl VAT, parts and labour achieving a 68% margin when the water pump costs you £14.50 plus VAT - can anybody help me with this and explain how it is achieved. Thanks

Question

dumbcow · Answer

68% mark up is achieved by multiplying by 1.68 or 168%
14.50 * 1.68 = 24.36

dumbcow · Answer

i dont know what VAT is but that would be added on as well

anonymous · Answer

Thank for this - very helpful

dumbcow · Answer

your welcome