Initial Mark Up Calculator

Initial Mark Up Calculator Explained:

a) What is this? This is a calculator that establishes an initial price for a product using Mark Up.

b) What does this tell me? This calculator tells you the percentage you should Mark Up a product by. It is most often used by retailers with a propensity to mark down prices i.e.: apparel retailers. You will have to know your expected reductions to make this calculator function correctly.

c) Why should I use it? To help establish your retail price for a product. You will need to be aware of what the likely reductions are. Past history will often be a good indicator of this. This calculation is not used for shelf stable product that have a strong sales history as reductions (other than promotions) on these items are often not required.

d) Caution: Using this calculator is no guarantee that you will have the right price. There are many other factors to consider when setting prices such as season, trends, new products and competitors. Any decisions you make are entirely at your own risk. All margins exclude GST/VAT.