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Net selling price = selling price × (1 − discount percent ÷ 100). Total cost = cost + extra cost. Gross profit = net selling price − total cost. Profit margin % = gross profit ÷ net selling price × 100. Markup % = gross profit ÷ total cost × 100.- Apply the formulaNet selling price = selling price × (1 − discount percent ÷ 100). Total cost = cost + extra cost. Gross profit = net selling price − total cost. Profit margin % = gross profit ÷ net selling price × 100. Markup % = gross profit ÷ total cost × 100.33.33%profit $50 · markup 50%