1. What is the Original Retail Price?

The original retail price is the price before any markup percentage is applied. It represents the base price of a product before any profit margin is added by the retailer.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• \( Marked \) — The marked price (current selling price in USD)
• \( Markup\% \) — The markup percentage applied to the original price

Explanation: The formula reverses the markup calculation to determine what the original price was before the markup was applied.

3. Importance of Original Price Calculation

Details: Knowing the original price helps businesses understand their cost basis, evaluate pricing strategies, and maintain appropriate profit margins.

4. Using the Calculator

Tips: Enter the marked price in USD and the markup percentage (0-99%). Both values must be valid (marked price > 0, markup between 0-99).

5. Frequently Asked Questions (FAQ)

Q1: What's the difference between markup and margin?
A: Markup is based on cost price, while margin is based on selling price. This calculator works with markup percentages.

Q2: Can I use this for discount calculations?
A: No, this is specifically for calculating original price before markup. For discounts, you'd need a different formula.

Q3: What if my markup is 100% or more?
A: The formula doesn't work with markups of 100% or more as it would require division by zero or negative original prices.

Q4: How precise are the calculations?
A: Results are calculated to two decimal places for currency precision.

Q5: Can I use this for bulk pricing?
A: Yes, the calculation works the same way regardless of quantity, as long as the markup percentage is consistent.