Quote:
Originally Posted by andrewb
If I buy something for £100 and sell it for £200 it's 100% markup and profit in the way I'd work it out. As the amount of profit compared to what it costs is 1:1.
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True that is called on cost profit....100% mark up.
The cost on retail would be 50%.
You have spent £100 and recieved £200.
The equasion £100/200 will give you 50%.
Simple calculation but not one your accountant would be satisfied with.