Big Als Closing Down

[SJSobczyk]

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

Originally Posted by woodcarver

"Also he said everything wont go lower then 25% as it will be below cost (cough cough 40% markup)"
.
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!!