In some businesses, accountants and other managers have to simultaneously work with both mark-ups (cost or net amount plus a percentage) and discounts or mark-downs (total or gross amount less a percentage). The below five attributes can be either a user input or a calculated result. This calculator allows you to calculate three values by entering just two values.
Example 1: You purchased 1,000 shares of stock for a total price of $23,554.00. Enter this in the "Gross Amount". You later sold the stock for a loss and you received only $19,054.00. Enter this in the "Net Amount. Click [Calc]. The Discount Percentage is your percentage lost i.e. 19.1%. The Mark-up Percentage is the percentage you have to make on a trade to make up the loss i.e. 23.6%. This, of course, assumes you are going to reinvest the entire $19,054 that was returned from the first trade.
Example 2: Sales tax is a mark-up percentage. Sales tax is added to the net sales amount. If you want to sell or advertise an item at a price that includes sales tax, you can't simply use the sales tax rate and use that percentage to calculate a deduction from the sale price to know the net selling price. To easily calculate the net selling price, enter the total gross price, including the tax amount that you want to sell the item for in the Gross Amount - say $495.00. Enter the sales tax rate into the Mark-up Percentage, say 7%. The other three inputs (Net Amount, Amount and Discount Percentage are set to 0.0). Calculate.
The Net Amount, before sales tax is $462.62 and the Amount (the sale tax in this case) is $32.38
Here's our online mark-up & discount percentage calculator.
Download a trial of SolveIT! to try this calculator.
No personal information required.