Question

Need help with this question. company wants to maintain a margin of 20%. What is the markup rate?

Answer 1

The mark up above cost would have to be 20% in order to maintain a 20% margin.

Answer 2

but the answer in the back of the book is 25%

Answer 3

I don't understand how they are geting that

Answer 4

That doesn't make sense to me, ray.

Answer 5

Hey, I found a decent link. Looks like 25% is correct:

http://www.csgnetwork.com/marginmarkuptable.html

Answer 6

me eithr he wants to have a margin of 20% on all items he sells , but the rate of markup is 25%

Answer 7

The link shows how to calculate margin and mark up.

Answer 8

thanks

Answer 9

Sure, sorry I couldn't help explain it.