In a 25% mark up you multiply by 25 percent and add that number(in this case one million) to the original number( in this case 4 million) which gives you 5 million
In business you use what is called a true mark up. In a true 25% mark up you divide by 0.25 and add that number(in this case 1.6 million) to the original number(in this case 4 million) which gives you 5.6 million.
Which is what I said. In business you use what is called a true mark up. In a true 25% mark up you divide by 0.25 and add that number(in this case 1.6 million) to the original number(in this case 4 million) which gives you 5.6 million.
There you go, acting all 'like this is a free market business' or something. The article said nothing of true markup. It spoke of 'COSTS' and the 'cost' for the regulatory stuff was ONE MILLION. Mention of 'true markup' isn't applicable here.