How to Find Selling Price - Easy Trick - With Cost Price and Markup

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  • Опубликовано: 13 апр 2021
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    How to Calculate Selling Price Easy Trick - Mark Up Percentage
    In this Video i am showing you how to calculate the selling price when the cost price and markup percentage is given. In the first step we have to calculate the amount of markup and in the second step we simply use the formula to calculate the selling price.
    Cost Price = 800
    Markup%=20%
    Selling price=?
    Markup=20/100*800
    Markup =160
    Selling Price= CP + Markup
    Selling Price=800 + 160
    Selling Price=960
    #findsellingprice#merkup#percentage
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Комментарии • 329

  • @elvahawker7111
    @elvahawker7111 2 года назад +342

    He explane it better than my teacher

    • @samtube12
      @samtube12  2 года назад +31

      Thanks for your time

    • @MuhammadAli-sx5ud
      @MuhammadAli-sx5ud 2 года назад

      Agr percentage na di ho tou phir like this entry .......
      What will be entry ...
      Goods sold on2000 cash for costing...?

    • @MuhammadAli-sx5ud
      @MuhammadAli-sx5ud 2 года назад +1

      Costing 300

    • @chantellotsile8682
      @chantellotsile8682 2 года назад +1

      so true i am with u

    • @mohibqureshi391
      @mohibqureshi391 2 года назад +13

      U r wrong..thw reason that you understood him over ur teacher...is bcuz now, u wanted to learn but in class...u just tried...think about it and you'll see it...i also thought that my teacher cant teach..but now i see y....😌

  • @kashanj.2712
    @kashanj.2712 2 года назад +78

    We can simply do that in one step. 20% mark up means we are selling at 120% of cost price. Just multiply 800 x 120% = 960

    • @nothadube2292
      @nothadube2292 2 года назад +5

      your formula is much more easier his formula is complicated thanks

    • @asefuseyoum2969
      @asefuseyoum2969 Год назад +3

      😂😂😂😂😂 u are the best

    • @zashkim931
      @zashkim931 Год назад +6

      Can I ask where did you get the 120%?

    • @chandramohanKammari
      @chandramohanKammari Год назад +12

      Cost price is 800
      Mark up price 20%
      Then 800+20%= 960
      If CP + Mark up % = Answer
      40+25%=50

    • @Thekeysoflight
      @Thekeysoflight Год назад +2

      ​@@chandramohanKammari You are the GOAT! I was struggling with this because I am at home sick doing HW and don't know wtf I am doing.

  • @TheAcrenshaw
    @TheAcrenshaw Год назад +55

    Thanks for making it so simple; I’ve always have had trouble with math.

  • @jijyverdan4297
    @jijyverdan4297 2 года назад +6

    Thanks !! This is a huge help for us student who's teacher doesn't help us

  • @eliasj.519
    @eliasj.519 2 года назад +28

    Thank you so much! I was having trouble with my teachers formula but this is way easier

    • @ebotgwapo4362
      @ebotgwapo4362 4 месяца назад

      Use calculator just add cost price and mark up%. automatically the total is selling price
      Example: 800+20%= 960

  • @nelvilane9063
    @nelvilane9063 2 года назад +1

    Your method is simple and straight forward

  • @kinyamwiraria2207
    @kinyamwiraria2207 Год назад

    Thank you Sam , so much , it was good the way you calculated a Selling Price.

  • @CreativeMynd86
    @CreativeMynd86 2 года назад +19

    This was very helpful because I'm trying to start a business so this helps alot,still got alot of research to do but this helps

  • @janemesajon158
    @janemesajon158 Год назад +2

    You explained the concept very well

  • @lilink9695
    @lilink9695 2 года назад +1

    Thank you soooooo much you don't understand how much I was struggling

  • @brendam5380
    @brendam5380 5 месяцев назад

    Totally thank you! Takes me back to college . This was great!

  • @rohitkandiyal4126
    @rohitkandiyal4126 2 года назад +1

    Simple & best way ....... Appreciate

  • @lifediary3770
    @lifediary3770 2 года назад +2

    These smart indian guys always save my life 😍

  • @nicc304
    @nicc304 2 года назад +10

    THANK YOU SO MUCH!!! YOU HELPED ME WITH MY ACTIVITY

  • @avikverma2931
    @avikverma2931 Месяц назад

    Sir thankyou veru much my exams is tomorrow i was running shirt on time but then i found your video and you explained everything in short time thanks very much

  • @aamirparker5451
    @aamirparker5451 Год назад

    Your a big help man i didnt understand it at first but now i do bc of u

  • @scarylordgamer5469
    @scarylordgamer5469 2 года назад +1

    No 1 teacher in the world

  • @hope.92649
    @hope.92649 9 месяцев назад

    Thanks you explain it better than my teacher 😉 thanks to you!

  • @kezia.a347
    @kezia.a347 2 года назад +6

    omg thank you ive been stressing on this my whole life gracias merci 👏👏👏👏👏

  • @koimillaalfred4329
    @koimillaalfred4329 Год назад +1

    Very useful, the way you explained slowly and showed the calculations is very useful.👍👍👍👍

  • @rheadaniels4961
    @rheadaniels4961 Год назад +6

    Thank you. Concise and easy to understand.

  • @dorisezerie
    @dorisezerie 2 года назад +2

    If I don't have a selling price and markup %, is it ok to assume any markup percentage?

  • @Mr.Axolotl14
    @Mr.Axolotl14 Год назад +7

    you explain better than my teacher! But i have a question is the 100 is constant? when u divide your mark-up percentage?

    • @unknow_jae
      @unknow_jae Год назад +4

      % means 100 so any thing with % on it is marked over 100
      Eg.20%=20/100

  • @alphymathew1410
    @alphymathew1410 Год назад +1

    wow you made it so easy thank you!

  • @sirajpatel474
    @sirajpatel474 Год назад

    thanks a lot now i undrestand this formular tomorrow is me economic exam kno i am ready for the exam

  • @barrickfischer
    @barrickfischer Год назад

    so cost price as items are the costs of materials or services you wished to sell with added percentage/mark-up? am I getting that right?

  • @MalawiPage
    @MalawiPage Год назад +4

    This is great for school, but in bysiness, make sure you consider the costs of doing business when considering your mark up.
    Even your mindset have to be adjusted to this reality.
    Selling price should include things like shipping, rental, salary... for the profit to make sense.
    This is the village tactic I use.
    Don't buy at 10 and sell at 20 and think you have made 10 profit.
    Net profit 📈 👌🏽 should be your friend.

  • @br0wnskinsheila250
    @br0wnskinsheila250 Год назад +2

    Thank you so much, you really made this easy for me to understand

  • @gladyscalibara159
    @gladyscalibara159 2 года назад +1

    thank u sir for clearly teaching

  • @2ndChance54
    @2ndChance54 Год назад +5

    Very good explanation, Sir. This elped me to understand where to get the Markup value.
    New subscriber here

  • @gaylemohamed4219
    @gaylemohamed4219 2 года назад +12

    Thank you at last i can do it! So easily explained and such a calm voice. thank you

  • @djentledavis
    @djentledavis 7 месяцев назад

    Thank you so much!!! this helped me allot!

  • @komalkashish1956
    @komalkashish1956 Год назад +3

    Thank you teacher 😃

  • @RandomPerson-ug8vu
    @RandomPerson-ug8vu Год назад +5

    This helped me so much! I had completely forgotten how to do this and I left my notes at school. I would’ve been lost without your video, again, thanks so much!

    • @TheSkylark16
      @TheSkylark16 4 месяца назад

      Execpt that was wrong, the correct numbers would be 1000

    • @RandomPerson-ug8vu
      @RandomPerson-ug8vu 4 дня назад

      Oh well 🤷‍♀️ still ended up with an A in math so no harm done there

  • @therealfamily1500
    @therealfamily1500 2 года назад +1

    WOW understand better than my teacher 😁

  • @Itsjust_ana
    @Itsjust_ana 8 месяцев назад

    Hello! I know that this vid is 2 years ago but can you make an vid of how to take selling price and your allowance? For bakery?😊 Ty! And how did you get your marketing price

  • @godwinkanlee2157
    @godwinkanlee2157 2 месяца назад

    Thank you for making it more simpler for us

  • @anonje
    @anonje Год назад +4

    Based on what to specify the mark up % ?

  • @gurmeetsingh1137
    @gurmeetsingh1137 2 года назад

    Your explanation is best

  • @vinaysagarr8041
    @vinaysagarr8041 2 года назад +3

    What’s the formula to covert from markdown to markup
    Example- if my markdown margin is 33% what will be markup margin ?

  • @FYM2Owethu
    @FYM2Owethu Год назад

    Hey man thanks alot for the Help and keep doing your thing

  • @vickypham5849
    @vickypham5849 Год назад +1

    Thank you for your help🙏🏽

  • @AnnishaJulius
    @AnnishaJulius Месяц назад

    Thanks for helping me out with this calculation ❤

  • @user-pk9mf4yh4e
    @user-pk9mf4yh4e Месяц назад

    I love you bro for explaining it very thoroughly 😊 i fail my teacher in front of you because you explained very better than my teacher❤

  • @shilpakadam7384
    @shilpakadam7384 2 года назад +1

    He explain better than my teacher also

  • @phgamer5901
    @phgamer5901 Год назад

    i thought is hard but it's now easy cause, you explain better

  • @sapnadevi9063
    @sapnadevi9063 Год назад +2

    Thank you so much sir !

  • @sugar4494
    @sugar4494 21 день назад

    This was helpful, thank you ❤

  • @CrissaCabantog
    @CrissaCabantog Год назад +1

    This is useful. Thank you

  • @temjenlongkumer723
    @temjenlongkumer723 2 года назад +1

    Tysm...u saved my day

  • @justinsandagon6538
    @justinsandagon6538 Месяц назад

    Thanks a lot sir this formula its very helful.

  • @davehansel9715
    @davehansel9715 Год назад

    Very clear explanation. I use someka product price calculator template to determine the ideal price of a product. Thank you for the video:)

  • @sooriyavarmankannan9759
    @sooriyavarmankannan9759 Год назад +1

    hi, thank you Sir
    good explanation

  • @siyakunenel3701
    @siyakunenel3701 11 месяцев назад +1

    Thank you so much 😊

  • @erickyei9096
    @erickyei9096 Год назад +1

    Thanks very much

  • @user-ps5pj5sv9x
    @user-ps5pj5sv9x 6 месяцев назад

    Sir agar 80 percent markup on selling price. It then marks the item down to 50percent.purchase item is 50 Rs. Calculate final price?

  • @thesarge4457
    @thesarge4457 10 месяцев назад

    Thank You Sir, I have trouble with math and I don't want to cut myself short, your explanation was very easy to follow. Thank You Sir. THE SARGE

  • @Ramboosta123
    @Ramboosta123 7 месяцев назад

    Bros voice is so soothing

  • @onea_xw
    @onea_xw 2 года назад +1

    Thank you bro massive W

  • @r3d._.p4nda
    @r3d._.p4nda Год назад

    fell asleep when teach was teaching, this helps alot.

  • @Gaminggiant-mf4cr
    @Gaminggiant-mf4cr Год назад

    Congratulations you got a new subscriber and a like.

  • @user-ph5sn5sw6t
    @user-ph5sn5sw6t 3 месяца назад

    Thank u so much for making it so simple 😊

  • @cliodona
    @cliodona Год назад

    hi ! this is how you calculate the selling price if GST is included, right ?

  • @user-ph5sn5sw6t
    @user-ph5sn5sw6t 3 месяца назад

    Thank u so much for making it so simple 😊😊😊

  • @songhaah1557
    @songhaah1557 Месяц назад

    very easy to understand

  • @wakeendollie382
    @wakeendollie382 2 года назад +7

    thanks man for explaining it. keep doing what you doing

  • @MarkGilClaros
    @MarkGilClaros 4 месяца назад

    This lesson is very good

  • @user-nd8ny8ri9b
    @user-nd8ny8ri9b Год назад

    Help me out here... it appears as if it cost you more to make the product than you actually made back from it... Or am I seeing this all wrong? Would not food cost divided by target food cost percentage yield a higher pay out? Honestly trying to learn. Thanks

  • @mithunaskar2220
    @mithunaskar2220 26 дней назад

    Thank You so much😊

  • @lifediary3770
    @lifediary3770 2 года назад +1

    THANK YOU SO MUCH

  • @scarylordgamer5469
    @scarylordgamer5469 2 года назад +1

    Sir you are great

  • @jigs.89
    @jigs.89 Год назад

    Thank you so much, Sir.

  • @randyh7611
    @randyh7611 Год назад

    I watch this about once a month for the last few years.

  • @80.yoeurmeenut.e74
    @80.yoeurmeenut.e74 Год назад

    Thanks !

  • @nandkishoryadav4529
    @nandkishoryadav4529 Год назад

    Thanku so much..sir

  • @Jainub
    @Jainub 4 месяца назад

    Thank you so much.

  • @bodocoversongs8905
    @bodocoversongs8905 Год назад

    Thank you so much!

  • @NicoleHarry-hu1mn
    @NicoleHarry-hu1mn Месяц назад

    This really helped

  • @noneofyourbusiness919
    @noneofyourbusiness919 2 года назад +1

    What is markup the percentage of profit gain or loss gain ?

  • @Black_katana1
    @Black_katana1 6 месяцев назад

    Better than my teacher

  • @piwilepe2940
    @piwilepe2940 Год назад +1

    Best teacher

  • @lexlex5555
    @lexlex5555 Год назад +3

    When school doesn't teach practical stuff so you have to watch RUclips videos

  • @munawerkhamkar139
    @munawerkhamkar139 6 месяцев назад

    Well explained

  • @alonzoalston5620
    @alonzoalston5620 Год назад

    When I do these I just move the decimal 2 places to change from percent multiple by cost the add the mark up

  • @niigambojulia4721
    @niigambojulia4721 10 месяцев назад

    Thank you so much ❤

  • @Nuna_attire
    @Nuna_attire Год назад

    I have a question how do you get a markup

  • @mariam12147
    @mariam12147 Год назад

    Thank you

  • @azielly4700
    @azielly4700 2 года назад +7

    Damn the explanation is so easy! He explain it better than my teacher.😳❤️

  • @tashawaters89
    @tashawaters89 Месяц назад

    Thank you.

  • @Bella-jw8zv
    @Bella-jw8zv 4 месяца назад

    Thank you!!!!!!!

  • @kwakubentil193
    @kwakubentil193 10 месяцев назад

    Amazing!!

  • @minghao9456
    @minghao9456 2 года назад +4

    bro saved me 8 mins before my exam

  • @user-rt7kz9xm7d
    @user-rt7kz9xm7d 6 месяцев назад

    Great teacher 😊

  • @maxmora4691
    @maxmora4691 Год назад +7

    This is not the proper way to calculate mark up. It’s not as simple as just adding a percentage. Say your cost price was 100 and you want a 30% the correct way to calculate mark up is 100/(1-30%). A real 30% mark up for a 100 cost price product would mean a selling price of 142.86.

    • @arielestrada5419
      @arielestrada5419 Год назад

      Underrated comment. Came here to say the same. Your formula is the right way.
      So many people being misled by this video…

    • @waterdripnetwork
      @waterdripnetwork Месяц назад +1

      One question, what is 1 suppose to be considered as? Taking notes, thank you for clarifying that 🙏🏾

    • @maxmora4691
      @maxmora4691 Месяц назад

      @@waterdripnetwork 100% I believe 👍🏼

  • @surbirchettri1104
    @surbirchettri1104 2 года назад +5

    Best teacher ❤

  • @crisscastrejon4847
    @crisscastrejon4847 Год назад

    Omg! Thanks😭💖

  • @darrelllewissr9413
    @darrelllewissr9413 2 года назад +1

    Thank you for explaining this so well

  • @doonguitarlessons
    @doonguitarlessons Год назад

    What happens when the retailer has to pay GST Inward, what will be the SP? Is GST included in CP?

  • @391biswamoyroy7
    @391biswamoyroy7 Год назад +1

    Selling price = Item cost/(1-markup price)
    Thats the formula right sir?

  • @armandochan3019
    @armandochan3019 2 месяца назад

    what is the meaning of markup ? increasing price ?
    then when decreasing price is discount ?