Talk:Markup (business)/Archives/2012
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Missing information
There used to be a more complete explanation of markup formula. I will have to compare the earlier versions, but I believe there is relevant information which has been deleted.
Clarification Requested
Perhaps I'm a bit thick headed today, but I find this article a bit ambiguous in the way it refers to price.
I would feel much better if most of the references to price were more specific such as "sales price", "cost price", "list price", etc.
What is more common: on cost vs on price
The article seems to indicate that markup based on sales price is more common, making markup and margin synonymous. I am curious as to which definition is more common in the retail industry. Kent Wang 03:58, 13 June 2006 (UTC)
http://www.styleforum.net/showthread.php?p=205904#post205904
Wikification, Cleanup
I tried to do a bit of wikification and cleanup on this article, but it needs more work, as well as sources. JubalHarshaw 22:59, 26 August 2006 (UTC)
Markup Cleanup
I am going to work on this topic. In answer to the question on using markup based on retail or cost from Kent Wang, it is more common to use intended retail selling price for initial markup (IMU) and actual selling price to determine attained gross profits. The value is that this allows you to be consistent with financial statement percentages which typically use Total Revenue as the divisor on the P&L.
Cleanup/clarificaton needed for OE paragraph.
In the paragraph about OE (Operating Expenses) it begins "This number has great importance...". If "This number" is "markup", please change that paragraph to begin "Markup has great importance...".
In the same paragraph, where did $0.124 come from, in "that product loses $0.124 every time it is sold"? What is the formula?
(I'm not a business schooled person, i'm just here trying to figure out this business stuff."
This is probably the most unencyclopedic article I have ever read in Wiki
The Initial Markup paragraph is quite remarkable. It gives a formula to calculate an expected profit percentage but doesn't tell us the cost price of the item being sold. I've heard of creative accounting, but..... —Preceding unsigned comment added by 125.239.56.38 (talk) 08:22, 19 October 2010 (UTC)
when does markup mean profit margin?
I received in business school lectures the idea that "markup" as a percentage legally means what is referred to in the article as it now stands as "profit margin." That is, the percentage that could be removed from the sale price to arrive at the cost; that "markup" as defined here is actually a common error. Who is right? — Preceding unsigned comment added by 69.76.179.81 (talk) 19:59, 7 December 2011 (UTC)