13 Markup Percentage
Markup percentage is what percentage of profit you make for each item you sell. If you want to make a 30% profit, for example, on each item you sell, you need to calculate how much it costs you to make that item. Let’s say it costs you $0.35 to make one scone. How much should you charge for that scone to make a 30% profit? Here is a formula you can use:
For the scone price, you would set it up like this:
$0.35 + ($0.35 30%) = Selling price
How would you put 30% into decimal form?
Here are some examples:
- 20% 0.2
- 87% 0.87
- 62% 0.62
- 15% 0.15
Returning to the problem above:
$0.35 + ($0.35 0.3) = Selling price
$0.35 + ($0.105) = $0.455, rounded to $0.46
If you want to make 30% profit on your scones, you would sell them for $0.46.
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Assignment
Purpose
To practice calculating the the markup percentage of various bakery items.
Outcomes
By completing this assignment, you will be able to…
- Understand what markup percentage means.
- Calculate the markup percentage of given bakery items.
Instructions
To complete this assignment…
- Read the problems carefully and find the correct answers.
- Be sure to show how you set up each problem.
Tips for Success
To help in the completion of this assignment, make sure to:
- Read each problem carefully and understand what it is asking.
- Include how you set up each problem in order to get credit.
Markup Percentage Assignment
1) If it costs $0.39 to make a doughnut, and you need to make a 50% profit, what would you charge for the doughnut?
2) If it costs $0.97 to make a croissant, and you need to make a 45% profit, what would you charge for the croissant?
3) If it costs $2.14 to make a cherry pie, and you need to make a 60% profit, what would you charge for the pie?
4) If it costs $0.28 to make a large chocolate chip cookie, and you need to make a 75% profit, what would you charge for the cookie?
5) If it costs $2.36 to make a sausage roll, and you need to make a 50% profit, what would you charge for the sausage roll?
6) If it costs $3.56 to make a quarter-sheet cake, and you need to make a 65% profit, what would you charge for the cake?
7) If it costs $1.23 to make a large bran muffin, and you need to make a 35% profit, what would you charge for the muffin?
8) If it costs $1.57 to make six cupcakes, and you need to make a 70% profit, what would you charge for the cupcakes?
9) If it costs $3.14 to make a chocolate cream pie, and you need to make a 55% profit, what would you charge for the pie?
10) If it costs $0.78 to make a maple bar, and you need to make a 35% profit, what would you charge for the maple bar?
11) If it costs $1.09 to make an apple fritter, and you need to make a 65% profit, what would you charge for the apple fritter?
12) If it costs $1.76 to make an 8-inch round cake, and you need to make a 50% profit, what would you charge for the cake?
13) If it costs $0.69 to make a raspberry turnover, and you need to make a 75% profit, what would you charge for the turnover?
14) If it costs $1.42 to make a dozen cookies, and you need to make a 45% profit, what would you charge for the cookies?
15) If it costs $1.98 to make an eclair, and you need to make a 40% profit, what would you charge for the eclair?
16) If it costs $2.56 to make a loaf of sourdough bread, and you need to make a 65% profit, what would you charge for the bread?
17) If it costs $1.21 to make a dozen dinner rolls, and you need to make an 80% profit, what would you charge for the dinner rolls?
18) If it costs $0.54 to make six biscuits, and you need to make a 25% profit, what would you charge for the biscuits?