Definition
Complement of markup percentage refers to the portion of the selling price that covers costs other than cost of goods sold. These costs could include expenses like rent, utilities, salaries, and more. [1]
It’s calculated as one hundred percent less markup percentage on retail. [2]
References
- Understanding Complement of Markup Percentage; affstuff.com/glossary/complement-of-markup-percentage/
- American Marketing Association, AMA Dictionary.