Service Markup Calculator

Enter your total service cost and your desired markup percentage into the Add Markup inputs. The calculator multiplies the service cost by the markup percentage divided by 100 to get the markup value, then adds that value to the service cost to produce the final service price. For example, a service cost of $10,000 with a 10% markup produces a markup value of $1,000 and a service price of $11,000. This is the fastest way to convert what an electrical job costs you into what you should charge the customer.

Enter your service cost and the expected service price you are already charging or considering. The calculator subtracts the service cost from the expected price to get the markup value, then divides that by the service cost and multiplies by 100 to give you the markup percentage. For example, a service cost of $10,000 and an expected price of $14,000 produces a markup value of $4,000 and a markup percentage of 40%. Use this function when you want to verify what markup rate your current pricing actually represents before committing to it across your service menu.

Start with the Find Markup function using your current service costs and existing prices to see what markup percentage your pricing is already producing. Then use the Add Markup function with your target markup rate to see what service price that requires. Comparing the two outputs across multiple service types tells you exactly which jobs are priced below your target, which are above it, and by how much. This two-step process turns the calculator into a complete pricing audit tool rather than just a per-job calculator.

The markup value is the actual dollar amount added on top of your service cost on a specific job. Seeing that figure in dollar terms rather than just as a percentage makes it easier to assess whether the return justifies the time, materials, and complexity the job requires. A 20% markup on a $500 service call returns $100 in markup value. The same 20% on a $5,000 panel replacement returns $1,000. Reviewing markup value alongside markup percentage across different job types helps you prioritize the work that generates the strongest absolute dollar return for your electrical business.

Divide your markup percentage by 100 plus your markup percentage, then multiply by 100. Using the calculator example, a 40% markup produces a profit margin of 40 divided by 140, multiplied by 100, which equals 28.57%. This conversion matters because markup and margin measure different things. Markup is calculated on cost. Margin is calculated on revenue. Knowing both gives you a complete picture of the financial structure of each job and confirms that your markup rate is producing the profit margin your electrical business actually needs.