Often, manufactures, wholesalers and retailers determine the amount of profit they want to make in terms of a markup based on a percentage of the manufacturing or wholesale cost. The following formula can be used to calculate a markup based on percentage. You can calculate results electronically with this formula, if you delete the numbers in the two white boxes, and enter your own numbers. Your calculated result will appear in red, on the right. After entering a new set of numbers, it is necessary to click one of the calculation buttons (above or below), or click with the mouse, or press the tab key.
	This is the desired markup, in percentage of the manufacturing or wholesale costs.			Percent=
	This is the manufacturing or wholesale cost for one unit of a product.			Costs per unit= $
				Calculated result is presented below in red
	Selling Price=(Percent+1)(Costs per unit)=