How should I calculate Markup?

Hi guys,

A lot of people have been asking me how much they should mark campervans up by. Well the short answer is its up to you. You are your own business and are free to set your own markups. If you have concerns over that please have a look at my earlier post The Law and Price Maintenance

We do recomend a markup of at least 15%, though it is just that a recomendation. But what does a 15% markup mean? Does this mean Net x 1.15? Or does it mean Net divided by 0.85? And what about rounding?

Well I'd rather turn the question back and ask you what is the genral industry norm on the best way is to calculate markups?

I don't want to hear what rate you are marking up, thats up to you. But I would be curious to hear how you turn your rate into a sell rate?

Cheers,

- Curious Adam.