National Institute of Fashion Technology Hyderabad

Assignment-1 Business Technology for Fashion Value Chain

Submitted to:Mr. I. Chakrapani (Faculty of FMS)

Submitted by:Sadhana Yadav (MFM)

Problem:- Calculate the markup percentage of the products from the given data.

S. No.
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Unit Cost
22.7 21.5 24.8 22.8 27.9 25.7 25.9 24.4 26.6 23.5 25.6 22.7 24.9 23.7 25.7 24.3 22.4 25.1 23.4 24.7

Unit Retail
46.5 43.1 44.2 47.5 49.9 42.7 41.8 46.7 46.8 43.9 46.7 43.8 45.5 46.6 47.1 44.3 41.9 43.9 45.7 46.9

Solution:Given: Unit cost and Unit retail of the product. Step1: Fill the given data in the excel sheet. Step2: In the last column calculate the markup percentage by using the following formula: Markup %= 100-(unit cost/unit retail)*100 =100- (B2/C2)*100 Apply the given formula in entire column. The result is shown below.

Step3: Go to the option insert in excel sheet. Click on the column and choose the chart. The chart far the calculated data is given below.

The graph shows the unit cost, unit retail and markup % of the products.

Markup is the difference between the cost of a good or service and its selling price. A markup is added on to the total cost incurred by the producer of a good or service in order to create a profit. The total cost reflects the total amount of both fixed and variable expenses to produce and distribute a product. Markup can be expressed as a fixed amount or as a percentage of the total cost or selling price. Retail markup is commonly calculated as the difference between wholesale price and retail price, as a percentage of wholesale. Product cost is the cost of direct labor, direct materials, consumable production supplies, and manufacturing overhead that are used to create a product. Product cost can also be considered the cost of the labor required to deliver a service to a customer. In the latter case, product cost should include all costs related to a service, such as compensation, payroll taxes, and employee benefits. Retail price simply means the price at which goods or services are sold by a retailer to a consumer. This is the purchase price that you pay whenever you buy a product from a retail store. Retail sales are designed for consumption and not for resale of goods or services rendered.