On 11/29/05, at 3:05 PM, Richard Gilmore rgilmor at uwo.ca said: >This is exactly how retail markups are calculated. No joke. A 40% markup is >actually calculated by multiplying by 1.67 At Sears, the selling price minus the cost and then divided by the selling price would give us the gross markup. A $10 item that cost $6 would have a 40% gross markup. We mainly used a landed markup and we got that by multiplying the cost by 102% to cover freight -- 38.8% markup. Tom Miller .................................................. "The only time we see the middle of the road is as we run from side to side." R.O.Clark ...................................................