Can you explain the principle of mark-up and margin? I don't fully understand the concept. Thanks
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10y ago#1Mark-up is the profit expressed as a % of cost.
Margin is the profit expressed as a % of the selling price.
They are more relevant for Paper F3, but if you do look at the list of F3 lectures then you will find one on mark-ups and margins which explains both in detail with examples.
Thank you John.
10y ago#3You are welcome :-)
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