Why Managing Your Profit Margin is Crucial for Business Success
Profit Margin vs Markup can be calculated and result in different outcomes Profit margin and markup are separate accounting terms that use the same inputs and analyze the same transaction yet show different information. Both profit margin and markup use Revenue and costs as part of their calculations. The main difference between the two is that a profit margin refers to sales minus the fee of goods sold, while markup is the amount by which the cost of good increases to get to the final selling price. Profit Margin needs to be healthy Understanding these two terms can help ensure that price setting is [...] READ MORE
