Markup vs Margin

What is markup and what is margin?
Markup and margin are both different ways of looking at your profit on a sale. They are similar because they focus on the same amount of money, the difference is between your buying, and selling prices. They generally express that amount as a percentage.
Mark up is the percentage by which you bump up the prices.
Margin, on the other hand, tells you what percentage of a sale is profit.
Your markup percentage is always bigger than the margin percentage, even though they refer to exactly the same amount of money.
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These videos are intended as a general guide only. Please consider what is best for your business. If you require further information specific to your business needs, please speak to your professional advisor/s