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50% markup = 33.33% profit


Cost Price = R1.00
Add 50%, in this case 50c, which gives a retail price of R 1.50
That gives you a profit of 50c over a retail price of R1.50
which gives you 50/150 * 100 = 33.33% profit.

In this case it can also be called Gross Profit as no costs (like a delivery fee, etc.) have been subtracted.

After all costs (overheads like rent, salaries, etc.) have been subtracted from Gross profit you are left with Nett Profit.

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