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
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Legitimate Survey for Cash.Extra Money for You,Join Here!
$21/hr Start, Avg Pay $72K/yr No Experience Needed! Get Started.
Click. Search. Apply. Free!
Other Career Questions
Do most mechanical engineering jobs offer job security?
What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.