MARK-UP AND MARGINS

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June 12, 2020 at 3:46 pm #573672
Sourav9271
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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
June 13, 2020 at 9:05 am #573711
John Moffat
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The 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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