Markup Price Calculator – Set the Right Price for Your Products
Pricing your products correctly is key to running a profitable business. Setting the right markup ensures that you cover costs, make a profit, and remain competitive. Our Markup Price Calculator helps you determine the optimal selling price based on your product costs and desired profit margin.
What is Markup Price?
A markup price is the amount added to the cost of a product to determine its selling price. The markup ensures that you cover expenses and generate profit.
Formula for Markup Price Calculation
Selling Price = Cost Price + (Cost Price × Markup Percentage)
or
Selling Price = Cost Price × (1 + Markup Percentage)
Example:
- If your product cost is KSh 1,000 and your markup percentage is 50%, then: Selling Price = 1,000 × (1 + 0.50) = 1,500 Selling Price = KSh 1,500
How to Use the Markup Price Calculator
Our Markup Price Calculator simplifies pricing by:
- Entering your cost price (production, packaging, labor, etc.)
- Selecting your desired markup percentage
- Calculating the selling price automatically
You don’t need to be an accounting expert—the calculator does the math for you.
Why Use a Markup Calculator?
✅ Accurate Pricing – Avoid underpricing or overpricing your products. ✅ Profit Optimization – Set competitive prices while ensuring profitability. ✅ Easy to Use – No manual calculations needed. ✅ Scales with Your Business – Adjust prices quickly as costs change. ✅ Helps with Tax & Accounting – Integrate with business accounting software.
Understanding Markup vs. Margin
- Markup (%) is based on cost price: Markup = [(Selling Price – Cost Price) ÷ Cost Price] × 100
- Margin (%) is based on selling price: Margin = [(Selling Price – Cost Price) ÷ Selling Price] × 100
Example:
- If your cost price is KSh 1,000 and your selling price is KSh 1,500:
- Markup = 50%
- Margin = 33.3%
Understanding the difference helps you maximize profits while remaining competitive.
Try the Markup Price Calculator Today!
Set the perfect price for your products in seconds. Use our Markup Price Calculator to ensure you always cover your costs and stay profitable!