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[null,"Often, manufactures, wholesalers and retailers determine the amount of profit they want to make in terms of a markup based on a percentage of the manufacturing or wholesale cost.  The following formula can be used to calculate a markup based on percentage. You can calculate results electronically with this formula, if you delete the numbers in the two white boxes, and enter your own numbers.  Your calculated result will appear in red, on the right."]
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[null,"This is the desired markup, in percentage of the manufacturing or wholesale costs.",null,null,"Percent= ",{"v":1,"d":"100.00%"}]
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[null,"This is the manufacturing or wholesale cost for one unit of a product.",null,null,"Costs per unit=",{"v":100,"d":"$100.00"}]
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[{"$nulls":4},"Calculated result is presented below in red"]
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[null,"Selling Price=(Percent+1)(Costs per unit)=",{"$nulls":4},{"v":200,"d":"$200.00"}]