Markup Calculator
body {
font-family: 'Segoe UI', Tahoma, Geneva, Verdana, sans-serif;
background-color: #f8f9fa;
color: #333;
line-height: 1.6;
margin: 0;
padding: 20px;
display: flex;
flex-direction: column;
align-items: center;
}
.markup-calc-container {
background-color: #ffffff;
padding: 30px;
border-radius: 8px;
box-shadow: 0 4px 12px rgba(0, 0, 0, 0.1);
width: 100%;
max-width: 700px;
margin-bottom: 30px;
}
h1, h2 {
color: #004a99;
text-align: center;
margin-bottom: 20px;
}
.input-group {
margin-bottom: 20px;
text-align: left;
}
.input-group label {
display: block;
margin-bottom: 8px;
font-weight: bold;
color: #004a99;
}
.input-group input[type="number"] {
width: calc(100% – 20px);
padding: 12px;
border: 1px solid #ccc;
border-radius: 4px;
font-size: 16px;
box-sizing: border-box;
}
.input-group input[type="number"]:focus {
border-color: #004a99;
outline: none;
box-shadow: 0 0 0 3px rgba(0, 74, 153, 0.2);
}
button {
background-color: #004a99;
color: white;
padding: 12px 25px;
border: none;
border-radius: 5px;
font-size: 18px;
cursor: pointer;
transition: background-color 0.3s ease;
display: block;
width: 100%;
margin-top: 10px;
}
button:hover {
background-color: #003b80;
}
#result {
margin-top: 25px;
padding: 20px;
background-color: #e7f3ff;
border: 1px dashed #004a99;
border-radius: 5px;
text-align: center;
}
#result h3 {
margin-top: 0;
color: #004a99;
}
#result-value {
font-size: 2em;
font-weight: bold;
color: #28a745;
}
.article-content {
max-width: 800px;
width: 100%;
background-color: #ffffff;
padding: 30px;
border-radius: 8px;
box-shadow: 0 4px 12px rgba(0, 0, 0, 0.1);
text-align: justify;
}
.article-content h2 {
text-align: left;
margin-bottom: 15px;
}
.article-content p {
margin-bottom: 15px;
}
.article-content ul {
margin-bottom: 15px;
padding-left: 20px;
}
.article-content li {
margin-bottom: 8px;
}
.article-content strong {
color: #004a99;
}
Markup Calculator
Cost Price ($)
Desired Markup Percentage (%)
Calculate Selling Price
Calculated Selling Price
—
Understanding Markup Calculation
Markup is a fundamental concept in business, representing the difference between the selling price of a product or service and its cost. It's essentially the amount added to the cost to determine the selling price, ensuring profitability. The markup percentage is calculated based on the cost price.
The Formula
The core of markup calculation involves determining the actual monetary value of the markup and then adding it to the cost price.
Markup Amount = Cost Price × (Markup Percentage / 100)Selling Price = Cost Price + Markup Amount
Alternatively, and often more directly, the selling price can be calculated as:
Selling Price = Cost Price × (1 + (Markup Percentage / 100))
This formula directly computes the selling price by factoring in the cost price and the desired profit margin expressed as a percentage of the cost.
Why Markup is Important
Accurate markup calculation is crucial for several reasons:
Profitability: Ensures that each sale contributes to covering costs and generating profit.Pricing Strategy: Helps in setting competitive yet profitable prices in the market.Cost Management: Provides insight into how much needs to be added to cover overheads, operational expenses, and desired profit.Business Valuation: Profit margins, determined by effective markup, are a key metric for business health and valuation.
When to Use This Calculator
This calculator is ideal for:
Retailers determining the selling price for inventory.
Service providers setting prices for their offerings.
Manufacturers calculating the price for their finished goods based on production costs.
Anyone looking to understand the relationship between cost, markup, and selling price to ensure healthy profit margins.
Example Calculation
Let's say a retailer purchases a product for $50 (Cost Price). They want to achieve a 60% markup on this cost.
Markup Amount = $50 × (60 / 100) = $50 × 0.60 = $30Selling Price = $50 (Cost Price) + $30 (Markup Amount) = $80
Using the direct formula:
Selling Price = $50 × (1 + (60 / 100)) = $50 × (1 + 0.60) = $50 × 1.60 = $80
The calculator will quickly provide this result, allowing businesses to make informed pricing decisions efficiently.
function calculateMarkup() {
var costPriceInput = document.getElementById("costPrice");
var markupPercentageInput = document.getElementById("markupPercentage");
var resultValueDiv = document.getElementById("result-value");
var costPrice = parseFloat(costPriceInput.value);
var markupPercentage = parseFloat(markupPercentageInput.value);
if (isNaN(costPrice) || isNaN(markupPercentage)) {
resultValueDiv.innerHTML = "Invalid input";
resultValueDiv.style.color = "#dc3545";
return;
}
if (costPrice < 0 || markupPercentage < 0) {
resultValueDiv.innerHTML = "Values cannot be negative";
resultValueDiv.style.color = "#dc3545";
return;
}
var markupAmount = costPrice * (markupPercentage / 100);
var sellingPrice = costPrice + markupAmount;
resultValueDiv.innerHTML = "$" + sellingPrice.toFixed(2);
resultValueDiv.style.color = "#28a745";
}