The market up formula is as under mentioned please:

Markup % = (Total Selling Price – Cost) / Cost x 100

Where the markup formula is dependent on,

Total Selling Price = The Total Sale Price

Cost = The Cost of The Good

Example:

Total Selling Price is = 150

Cost = 120

Markup % = 150-120 = 30

~ = 30/120 = 0.25

~ = 0.25 x 100 = 25

Markup % = 25 %