by Donnah (Ocala, FL)
How much should I mark up a product (course of study) if I want to achieve a 90% gross margin?
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Gross Margin Percentage = (Revenue-Cost of Product)/RevenueSo to achieve 90% GMP then:(Revenue - Cost of Product) = .9 x Revenue or.1 x Revenue = Cost of ProductRevenue = 10 x Cost of ProductThe markup would have to be 900%.
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