What is the correct way to calculate a contractor's markup of 25%? Price x 25% or Price divided by 25%?
I am trying to find the right answer. I have spoken to a few general contractors here in California.
Asked By: promgr9 - 2/6/2006
Best Answer - Chosen by Asker
Having been in the residential building and remodeling business for many years, this is one of my favorite questions. I think many highly skilled craftsmen fail in business because they don't understand (and haven't had the opportunity to learn) basic business mathematics. Unless a person just starting out in the... More
Answered By: exbuilder - 2/11/2006
Additional Answers (3)
It would be price plus 25%
Answered By: Styneer - 2/6/2006
If it's markup - it is cost + 25... More
Answered By: northfulton39 - 2/6/2006
Great explanation northfulton!
Answered By: blueyes - 2/7/2006
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