30% Markup on $8

Selling price, gross profit, gross margin — with full formula and industry context.

Selling Price

$10.40

Gross Profit

$2.40

Gross Margin

23.08%

$8 × 1.3 = $10.40

The Formulas

Selling price:

Cost × (1 + Markup/100)

Gross profit:

Price − Cost

Gross margin:

(Profit ÷ Price) × 100

Markup check:

(Price − Cost) ÷ Cost × 100

Step-by-Step

Convert to multiplier

1 + 30/100 = 1.3

Multiply by cost

$8 × 1.3 = $10.40

Gross profit

$10.40 − $8 = $2.40

Gross margin

$2.40 ÷ $10.40 × 100 = 23.08%

Industry Assessment: Low

Workable for high-volume, low-overhead businesses such as grocery, electronics, or commodity supply.

Real-World Context

A $8 input marked up 30% to $10.4 is typical of food service — the $2.4 gross profit per unit only makes sense at high daily volume.

Frequently Asked Questions

What is 30% markup on $8?

A 30% markup on a $8 cost gives a selling price of $10.40, gross profit of $2.40, and a gross margin of 23.08%%. Formula: $8 × 1.3 = $10.40.

What is the difference between 30% markup and 30% margin?

30% markup means profit is 30% of the cost ($8). The equivalent gross margin — profit as % of selling price ($10.40) — is 23.08%%. Markup is always the larger number.

What gross margin does a 30% markup produce?

A 30% markup produces a 23.08% gross margin. Formula: Margin = Markup ÷ (1 + Markup/100) = 30 ÷ 1.3 = 23.08%.

How do I apply a 30% markup in a spreadsheet?

If cost is in A1: =A1*(1+30/100) gives the selling price. For a column: =A1*1.3 dragged down.

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