15
Jul
Jul
If you really meant mark up and not margin, then the price before the markup would be $833.33.
Original : $833.33
add 20% of this : $16.67
New price after markup $1,000.00
Answer:
If truly a 20% Markup, the orig price would be $1,200. (1,000 x .20) 1,000 = $1,200.
However, if you really mean a 20% discount from the PRICE, then the orig price would be $1,250. Steps: $1,000 / (1 - .20) or 1,000 / .80 = $1,250.
Edit: a bit confusing as to the Questioners meaning re the “up mark” issue. If Sandy is right, the steps are as follows:
$1,000 / 1.20 = $833.33 for the orig price.
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