It is probably common knowledge that Excel is a fantastic tool for all kinds of calculations and mathematical operations.

Having that in mind, it is no wonder that it can be used to calculate simple things like **markup** and **percentage markup**. We will show how to do this and how to calculate a percentage in the example below:

## Add Percentage Markup

**Markup** is a common measure mostly used in Economics. It represents the amount that is added to the total price of goods to cover these expenses and to make a profit.

For our example, we will use a simple table with the various goods, their cost to make, and their selling price:

To calculate the **markup** of these goods, all we need to do is subtract the selling price and cost of goods. The results are as follows:

We now want to calculate the **percentage markup** as the next step. To do this, all we need to know is the formula for percentage markup, and that is:

`(Selling price – Cost of goods)/Cost of goods`

In our case, since we already calculated the difference between selling cost and cost of goods (that is our **markup**) we will just divide this number with the cost of goods:

We dragged this formula till the end of our range. Our data in **column E** is not formatted as a percentage, so we will select the **range E2:E5** and format these numbers as percentages by going to **Home tab >> Number >> Format Cells >> Percentage**:

We will select two decimal places and our final table will look like this: