Tag Archives: accounting

Mark up vs. margin

The terms markup and margin are often mistakenly used interchangeably, though they are quite different. Getting this right makes a big difference in the profitability in your business. Markup is percentage amount added to the cost price to arrive at the selling price. Margin is the amount of gross profit made on the selling price, […]

Posted in Business Planning, Growing Your Business, Money & Finances | Also tagged , , , , | Comments closed
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