You are here:

General Retail Business Issues/mark up for cosmetics - creams and lotions

Advertisement


the real "expert" wrote at 2015-04-22 18:12:05
The "expert" is confusing markup with gross margin:



Selling something that costs 15$ for 40$ totals a markup of 166%



(40-15)/15=1.666 (166%)



see wikipedia for more information



http://en.wikipedia.org/wiki/Markup_%28business%29#Price_determination  


General Retail Business Issues

All Answers


Answers by Expert:


Ask Experts

Volunteer


James E. Dion

Expertise

Most questions about trends in specialty retail, how customers are changing both in the US and Europe. Demographics for all countries as they relate to retail trends and issues. Store Operations, Buying and Merchandising.

Experience

Over 40 years in the retail industry, store level, store manager, buyer, merchandise manager, Vice President.

Education/Credentials
BS Psychology, MS Psychology, PhD(abd) Industrial Psychology Illinois Institute of Technology

Past/Present Clients
Microsoft, Harley-Davidson, Ritz-Carlton, Hummer, Williams-Sonoma, Ace Hardware, Coleman Spas, Aldo, Intel, Dell, Safeway, New Balance, IBM, Kodak, Bata International, Nortel Networks, Honey Baked Ham Co., Man Alive, Highsmith
B.S Chicago State University M.S. Chicago State University PhD (abd) Illinois Institute of Technology

©2016 About.com. All rights reserved.