That’s what I meant yeah, it’s the simplest method or I’d just go here https://percentagecalculator.net/I'd take 10% of the number so in your example 5 then times it by three and add it, so 65.
That’s what I meant yeah, it’s the simplest method or I’d just go here https://percentagecalculator.net/
This is what i doI'd take 10% of the number so in your example 5 then times it by three and add it, so 65.
Margin and markup are different, important to remember.
If something costs you £100 and you sell it for £130, the markup is 30% (30/100) but the margin is ~23% (30/130).
the 1st option is 30% added to £50 the 2nd option is £50 = 70% of £71.42 - quite different results.For example if I take £50 and I want to add 30% would you use the calculation £50 * 1.3 = £65
Or would you use £50 / 0.70 = £71.42?