{"id":8159,"date":"2021-10-12T13:49:55","date_gmt":"2021-10-12T13:49:55","guid":{"rendered":"https:\/\/officetuts.net\/excel\/?p=8159"},"modified":"2024-03-26T16:22:25","modified_gmt":"2024-03-26T16:22:25","slug":"add-percentage-markup","status":"publish","type":"post","link":"https:\/\/officetuts.net\/excel\/examples\/add-percentage-markup\/","title":{"rendered":"Add Percentage Markup in Excel"},"content":{"rendered":"\n<div class=\"wp-block-file\"><a id=\"wp-block-file--media-38d5d256-cd15-47a3-926a-28797b566510\" href=\"https:\/\/officetuts.net\/excel\/wp-content\/uploads\/sites\/2\/2023\/01\/How-to-Add-Percentage-Markup.xlsx\">How-to-Add-Percentage-Markup<\/a><a href=\"https:\/\/officetuts.net\/excel\/wp-content\/uploads\/sites\/2\/2023\/01\/How-to-Add-Percentage-Markup.xlsx\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-38d5d256-cd15-47a3-926a-28797b566510\">Download File<\/a><\/div>\n\n\n\n<p>It is probably common knowledge that Excel is a fantastic tool for all kinds of calculations and mathematical operations.<\/p>\n\n\n\n<p>Having that in mind, it is no wonder that it can be used to calculate simple things like <strong>markup<\/strong> and <strong>percentage markup<\/strong>. We will show how to do this and how to calculate a percentage in the example below:<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Add Percentage Markup<\/h2>\n\n\n\n<p><strong>Markup<\/strong> is a common measure mostly used in Economics. It represents the amount that is added to the total price of goods to cover these expenses and to make a profit.<\/p>\n\n\n\n<p>For our example, we will use a simple table with the various goods, their cost to make, and their <a href=\"https:\/\/officetuts.net\/excel\/formulas\/selling-price-formula\/\">selling price:<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"279\" height=\"122\" src=\"https:\/\/officetuts.net\/excel\/wp-content\/uploads\/sites\/2\/2021\/10\/a-picture-containing-table-description-automatica.png\" alt=\"A picture containing table\n\nDescription automatically generated\" class=\"wp-image-8161\"\/><\/figure>\n\n\n\n<p>To calculate the <strong>markup<\/strong> of these goods, all we need to do is subtract the selling price and cost of goods. The results are as follows:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"344\" height=\"120\" src=\"https:\/\/officetuts.net\/excel\/wp-content\/uploads\/sites\/2\/2021\/10\/table-description-automatically-generated-with-me-2.png\" alt=\"Table\n\nDescription automatically generated with medium confidence\" class=\"wp-image-8162\" srcset=\"https:\/\/officetuts.net\/excel\/wp-content\/uploads\/sites\/2\/2021\/10\/table-description-automatically-generated-with-me-2.png 344w, https:\/\/officetuts.net\/excel\/wp-content\/uploads\/sites\/2\/2021\/10\/table-description-automatically-generated-with-me-2-300x105.png 300w\" sizes=\"(max-width: 344px) 100vw, 344px\" \/><\/figure>\n\n\n\n<p>We now want to calculate the <strong>percentage markup<\/strong> as the next step. To do this, all we need to know is the formula for percentage markup, and that is:<\/p>\n\n\n\n<pre class=\"wp-block-code\"><code>(Selling price \u2013 Cost of goods)\/Cost of goods<\/code><\/pre>\n\n\n\n<p>In our case, since we already calculated the difference between selling cost and cost of goods (that is our <strong>markup<\/strong>) we will just divide this number with the cost of goods:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"477\" height=\"160\" src=\"https:\/\/officetuts.net\/excel\/wp-content\/uploads\/sites\/2\/2021\/10\/graphical-user-interface-application-table-exce-3.png\" alt=\"Graphical user interface, application, table, Excel\n\nDescription automatically generated\" class=\"wp-image-8163\" srcset=\"https:\/\/officetuts.net\/excel\/wp-content\/uploads\/sites\/2\/2021\/10\/graphical-user-interface-application-table-exce-3.png 477w, https:\/\/officetuts.net\/excel\/wp-content\/uploads\/sites\/2\/2021\/10\/graphical-user-interface-application-table-exce-3-300x101.png 300w\" sizes=\"(max-width: 477px) 100vw, 477px\" \/><\/figure>\n\n\n\n<p>We dragged this formula till the end of our range. Our data in <strong>column E<\/strong> is not formatted as a percentage, so we will select the <strong>range E2:E5<\/strong> and <a href=\"https:\/\/officetuts.net\/excel\/examples\/format-percentages\/\">format these numbers as percentages<\/a> by going to <strong>Home tab &gt;&gt; Number &gt;&gt; Format Cells &gt;&gt; Percentage<\/strong>:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"536\" height=\"498\" src=\"https:\/\/officetuts.net\/excel\/wp-content\/uploads\/sites\/2\/2021\/10\/graphical-user-interface-text-application-descr-1.png\" alt=\"Graphical user interface, text, application\n\nDescription automatically generated\" class=\"wp-image-8164\" srcset=\"https:\/\/officetuts.net\/excel\/wp-content\/uploads\/sites\/2\/2021\/10\/graphical-user-interface-text-application-descr-1.png 536w, https:\/\/officetuts.net\/excel\/wp-content\/uploads\/sites\/2\/2021\/10\/graphical-user-interface-text-application-descr-1-300x279.png 300w\" sizes=\"(max-width: 536px) 100vw, 536px\" \/><\/figure>\n\n\n\n<p>We will select two decimal places and our final table will look like this:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"470\" height=\"124\" src=\"https:\/\/officetuts.net\/excel\/wp-content\/uploads\/sites\/2\/2021\/10\/a-screenshot-of-a-computer-description-automatica.png\" alt=\"A screenshot of a computer\n\nDescription automatically generated with medium confidence\" class=\"wp-image-8165\" srcset=\"https:\/\/officetuts.net\/excel\/wp-content\/uploads\/sites\/2\/2021\/10\/a-screenshot-of-a-computer-description-automatica.png 470w, https:\/\/officetuts.net\/excel\/wp-content\/uploads\/sites\/2\/2021\/10\/a-screenshot-of-a-computer-description-automatica-300x79.png 300w\" sizes=\"(max-width: 470px) 100vw, 470px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>It is probably common knowledge that Excel is a fantastic tool for all kinds of calculations and mathematical operations. Having that in mind,&#8230;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[170,190],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Add Percentage Markup in Excel<\/title>\n<meta name=\"description\" content=\"Learn how to add percentage markup in Excel with this tutorial. Calculate markup and percentage markup using simple formulas.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/officetuts.net\/excel\/examples\/add-percentage-markup\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Add Percentage Markup in Excel\" \/>\n<meta property=\"og:description\" content=\"Learn how to add percentage markup in Excel with this tutorial. 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