Greasy, it amazes me what you can come up with regarding these Hino truck issues. lt is truly phenomenal and informative. l may go buy a broken Hino just for fun and sport...
he figured it this way 1.05 - .35 = .70 .70 /35 = 200%
That is actually the formula for figuring out your markup%.
(price - COGs)/COGS = Markup
His profit margin is (sales - COGS)/ price = 70/135 = 66.67% profit margin