Profit Margin & Markup
Work out the price, margin and markup from your cost - and see why they're not the same thing
Work out the price, margin and markup from your cost - and see why they're not the same thing
Margin and markup are both "profit as a percentage", but of different things: margin is profit divided by the selling price, markup is profit divided by the cost. They're never the same number except at 0%. Both are worked out on the price before tax. A planning estimate from the figures you enter - check against your own costings before setting a live price.