Markup Comparison

[Former Member]

Hi all,

I want to create a report urgently comparing all the Items Markup's for a given date range.

For instance, i want to know the Markup for say Bread as at Dec 31st 2007 (i.e. Old Markup) and compare it with its current Markup (New Markup).

Quick assistance will be highly appreciated. Thanks

Regards,

Henry

[former_member583013 · Accepted solution]

Henry,

What are you referring as Mark up. How would this be determined????

Suda

[Former Member · Accepted solution]

Hi suda,

Markup=(selling price-Cost)/cost.

You dont have to determine the markup, retrieving an item's price for a given historic period, say 4 months ago will work for me.

Thanks,

Henry

[former_member583013 · Accepted solution]

What would you think represent Item Price..(Selling Price / Cost.......it seems markup is more like Profit..is that true?

[Former Member · Accepted solution]

yeah almost, i suggest you google the correct definition of markup and margin in business sense

[former_member583013 · Accepted solution]

I really wish I can dedicate my whole time to help this one question but I really don't have that liberty, if perhaps soneone else has the time they may google and give you ALL that you need.

Good luck