Sir,
As you said in lecture that markup is a Profit
(on percentage of cost )
And since margins is Selling price - Costprice
So since both are profits.Are margins = markup of a same product
Ask the Tutor ACCA FA
MARK-UP AND MARGINS
6y ago#1The profit is the difference between the selling price and the cost.
One way a company might decide on the selling price is to add a mark-up to the cost, and the mark-up is the profit.
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