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Message: Just checked it out..mark-up vs. profit
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I can't let an error stand. Here's what came down:

Re: Just checked it out..mark-up vs. profit (wolf)

Posted by: manor27 on October 28, 2007 01:37PM

In response to: Re: Just checked it out..ma... by wolfpackvolt

this repost is from 1:37 this afternoon......you said:

"You are a retailer, and you have a product that cost you $1.00 and you want to mark it up 25% what is your retail? Please give me your answer, thanks."

At 1.25, I'll be showing a 20% profit. But the mark-up was 25%

At 1.33, you'll be showing a 25% profit, but your mark-up was 33and1/3% mark-up.

You requested the mark-up, not the profit.

I was not wrong!

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