In this tutorial we will learn how to implement the Percentage Markup formula in Microsoft Excel. Markup formulas are mathematical expressions that calculate the amount by which the cost price of a product or service is increased to arrive at the selling price. The most commonly used markup formula in Excel to calculate selling price is (cost price x (1 + markup percentage)). This formula takes the cost price of a product or service and multiplies it by the markup percentage, which is then added to the cost price to arrive at the selling price.
Microsoft Excel is a spreadsheet software that allows users to organize, analyze, and manipulate data. It is widely used in various industries and is considered a valuable tool for data management, analysis, and presentation. Excel provides users with a wide range of features including calculation tools, pivot tables, charts and graphs, and macro programming capabilities.
Step 1 – Enter the Markup Percentages separately
– Enter the markup percentages in separate cells.
Step 2 – Select a blank cell
– Select a targeted cell where you want the selling price to be.
Step 3 – Place an Equals sign
– Place an Equals sign (=) in the targeted cell.
Step 4 – Enter the Percentage Markup formula
– Enter the Percentage Markup formula in the cell i.e.
Ex-Price*(1+Markup)
– Where Ex-Price is the address of the cell containing Ex-Price and Markup is the address of the cell containing the markup percentage.
Step 5 – Use the “$” sign
– Place the “$” sign before the column of the Ex-Price cell address as it has to remain the same,only the row number will change.
– Place another “$” sign before the Row number of the Markup cell address since the row has to be the same and columns will change.
Step 6 – Press the Enter key
– Press the Enter key to get the results.
Step 7 – Use the Handle Select and Drag and Drop Method
– Use the “Handle Select” and “Drag and Drop” method to apply the Percentage Markup formula on each row and column.