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welcome to XL magic trick number 285 hey if you want to download this workbook and follow along click on my YouTube channel then click on my college website link and you can download the workbook XL magic trick 285 to 294 hey in this trick we want to talk about markup formula we want to calculate the selling price and we know our cost and we know our Mo markup on sell price so from these two bits of information markup on sell price and cost can we calculate sell price you bet uh this is the whole or the base or the total when youamp;#39;re talking about s markup on sell price youamp;#39;re talking about a certain percentage so right here 60% markup that means out of every dollar 60 cents goes to markup or profit and 40 cents goes to cost so if you know cost and the markup sale price you can use this formula right here if you know the uh percent formula um part equals base time rate then anytime you have an Associated part and an Associated rate you divide the two to get the the base