Markup vs Margin: Understanding the Difference
Markup vs Margin Markup vs Margin: What’s the Difference? Ever wondered about the difference between markup and margin? These two terms often confuse business owners and students alike. Let’s break them down in simple terms! Markup: Adding to Your Cost Markup is the amount you add to your cost to set your selling price. It’s always based on your cost. Formula: Markup % = (Selling Price - Cost) / Cost x 100 ...