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welcome to Excel magic trick number 285 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 excel magic trick 285 to 294 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 ma markup on sell price so from these two bits of information markup on sale price and cost can we calculate sale price you bet this is the whole or the base or the total when youre talking about set a markup on sell price youre talking about a certain percentage so right here sixty percent markup that means out of every dollar sixty cents goes to markup or profit and forty cents goes to cost so if you know cost and the markup on sale price you can use this formula right here if you know the percent formula part equals base times rate then anytime you have an associated part and an associated rate you divide the two to get the the base of