In order to calculate _____ using cost plus markup, a seller needs to know two things: the cost of the item and the markup.

A.
tax rate

B.
market share

C.
number of sales per month

D.
selling price

D. selling price

To calculate the selling price using the cost plus markup method, the seller needs to know the cost of the item and the markup. The cost is the amount the seller paid to acquire or produce the item, and the markup is the additional amount added to the cost to cover expenses and profit.

The selling price is then calculated by adding the cost and the markup together. The formula is:

Selling Price = Cost + Markup

By knowing the cost and the desired markup, the seller can determine the selling price of the item. For example, if the cost of an item is $10 and the markup is 20%, the selling price would be:

Selling Price = $10 + ($10 * 20%) = $12