Calculate the Retail Price
The numbers
you
entered into Column B represent the wholesale cost. That is what
Charlotte’s Website paid to purchase the items that go into a fruit
basket. In order to make a profit, you have to figure the retail price.
The retail
price equals the wholesale cost multiplied by the
percentage.
5. Try This: Format the Percentages
To start, select all of
Column C, Markup.
Go to the Home Ribbon. Look for the Number Group and click
on Percentage Style (%).
Try This, Too: Enter the Data
A standard markup percentage is 150%.
Type 150 in cells C2 through
C5. Excel will automatically add the % sign.
So far so good...
Memo to Self: This is a
simple list of what goes into a fruit basket. In real life, you would
need to list every item including shipping and
handling.