I hate to get off topic again but this needs correction as well. Markup cannot be figured out by simple multiplication.
MARKUP
$1.00/(1-40%) = $1.67
DISCOUNT
$1.67 x 0.75 (25% discount) = $1.25
Steve
Quote:
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Originally Posted by woodcarver
"Also he said everything wont go lower then 25% as it will be below cost (cough cough 40% markup)"
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One has to remember that 40% mark up is almost the same as 25% discount!
$1.00+40% =$1.40p $1.40p -25% =$ 1.05p!!
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