# Algebra - Cost and Markup Amount

by Tim

(Murphysboro)

**Cost and Markup**A

__markup is the opposite of__ a

__discount__. A discount is a reduction in the selling price. It has nothing to do with cost.

A markup is the amount which is added to the cost of acquiring a product or service in order to create a profit when that product/service is sold.

__Markup is the difference between the cost and the selling price__.

Markup = Selling Price - Cost

__Markup is the same as profit__.

Markup = Profit

Cost + Markup = Selling Price

or

Cost + Profit = Selling Price

__Markup is often expressed as a percentage__.

__% Markup-on-Cost__.

Markup in % = ((Selling Price - Cost) / Cost) * 100

__% Markup-on-Selling-Price__.

Markup in % = ((Selling Price - Cost) / Selling Price) * 100

Find the missing numbers?

Selling price = $175.00

markup on selling price, markup rate = 50%.

What is the cost and markup amount?