How to Calculate Retail Selling Price with Mark-Up
How do you calculate the retailer selling price after the wholesaler selling price with a 33.33% mark-up?
Option 1: Multiply the wholesaler selling price by 1.3333.
Option 2: Add 33.33% to the wholesaler selling price.
Option 3: Divide the wholesaler selling price by 1.3333.
Option 4: Subtract 33.33% from the wholesaler selling price.
Final answer: The correct way to find the retailer selling price after the wholesaler selling price with a 33.33% mark-up would be to multiply the wholesaler selling price by 1.3333. This is because the retail price is 133.33% of the wholesaler's price.
Answer:
The correct way to calculate the retailer selling price after the wholesaler selling price with a 33.33% mark-up is by multiplying the wholesaler selling price by 1.3333.
When calculating the retail selling price after the wholesaler selling price with a mark-up of 33.33%, it is crucial to apply the correct formula to ensure accurate results. In this case, the most effective method is to multiply the wholesaler selling price by 1.3333.
This approach accounts for the additional 33.33% mark-up that the retailer adds to the wholesaler price. By multiplying the wholesaler selling price by 1.3333, you are essentially increasing the price by 33.33%, resulting in the correct retail selling price.
It's important to understand that simply adding or subtracting percentages from the wholesaler price will not yield the accurate retailer selling price. Multiplying by 1.3333 ensures that the mark-up is correctly factored into the calculation, leading to the correct final price.
By following this method, you can confidently determine the retailer selling price after the wholesaler selling price with a 33.33% mark-up, allowing for precise pricing strategies in retail operations.