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Harely Davidson boots look and are built like thier bikes with quality. The range in price for teh boots begin at $90 and the premium line-up is between $120 to $140. Great boots, and worth the cost.
3962 -1162 = 2800 which is dealer cost markup % = (3962/2800 - 1) times 100 to get percent = 41.5%
Go to seedealercost.com and look it up, they have all the 2011 Harley Davidson dealer cost invoice pricing there.
Here's how to find out. Take the markup percentage (15, in your example) and move the decimal two places to the left. Then write a 1 to the left of the decimal, so you get 1.15...or 1.38, 1.75 or whatever the markup is. Divide the price by that number, and you have it.
Markup income typically refers to the profit or revenue generated by adding a markup or margin to the cost of goods or services. In business and finance, "markup" is the amount added to the cost of producing or purchasing a product or service to determine its selling price. The markup is essentially the difference between the cost of production and the final selling price. The formula for calculating markup is: Markup = Selling Price − Cost Price Markup=Selling Price−Cost Price Markup is often expressed as a percentage of the cost price. The formula for calculating the markup percentage is: Markup Percentage = ( Markup Cost Price ) × 100 Markup Percentage=( Cost Price Markup )×100 So, markup income is the additional revenue or profit earned by a business through the application of a markup to its costs. This concept is commonly used in various industries to determine pricing strategies and to ensure that businesses cover their costs and generate a profit. you can get more explanation when you click this link and learn everything about markup income
Retail = cost*(1+markup/100)
Cost-plus-markup theory is the theory that business firms calculate their unit costs and add on a percentage markup.
There is no cost for which a 58% markup would give a price of 130.50.
You will spend anywhere from $1100 (privite shop) up to $2500 (HD dealer).
Cost = 2.00 Markup = 3.00-2.00 = 1.00 Markup as percentage of cost = 1.00/2.00 * 100 = 50 %
50% markup.
Selling price less profit equals cost price. The markup is the profit plus cost price.