Here’s an overview of using an Excel formula to add Markup %.
Basic Formula to Add a Percentage Markup in Excel
Markup is the difference between the Selling Price and the Wholesale or Production Cost of a product.
You will get the Markup % by dividing the (Selling Price – Unit Cost) by the Cost Price, multiplied by 100.
An Example to Add Percentage Markup to Cost Price:
The wholesale price (Cost Price) of a product is $25. The goal is to have a 40% Markup to the wholesale price of the product. What is the required selling price?
Selling Price = Wholesale Price x (1+Markup %) = $25 x (1 + 40%) = $25 x 1.40
Excel Formula to Add Percentage Markup – 3 Examples
We have a list of products and want to add different Markup % to those products. Every product has a Wholesale Cost. We’ll calculate the Selling Prices of these products for different Markup Percentages (10%, 15%, 20%, 25%).
Example 1 – Use a Customized Excel Formula to Add a Markup
Steps:
- In cell D7, use the following Excel formula:
=$C7*(1+D$6)
Quick Notes:
- The formula has mixed cell references. Column C and Row 6Â are made of absolute references.
- When we go down or up, row references change. When we go left or right, column references change.
- When filling to the right, $C will not change to keep the wholesale cost reference intact.
- When copying the formula down, the row references $6 will not change to get the correct Markup % reference.
- Pull the Fill Handle icon to the right and then down.
Example 2 – Apply the Excel SUM Function to Add a Percentage Markup
Steps:
- Put the formula below in Cell D7.
=SUM($C7,$C7*D$6)
- Drag the Fill Handle icon right, then down.
Example 3 – Use the PRODUCT Function
The PRODUCT function multiplies all numbers given as arguments.
Steps:
- Go to Cell D7Â and paste the following formula.
=PRODUCT($C7,1+D$6)
- Pull the Fill Handle icon to reach G12.
Download the Practice Workbook
You can use the downloaded file as a calculator.
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- How to Add 10 Percent to a Number in Excel
- How to Add 15 Percent to a Price in Excel
- How to Subtract a Percentage from a Price in Excel
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Hello, thank you fr the post, really helpful insights, but what if your product cost varies, for instance when importing, is there any way to create a formula to determine the margin when there is an increase or decrease? I’m struggling to get that one right