Archives de la catégorie : Bookkeeping

Understanding The Difference Between Margin, Profit and Markup

For example, if a product sells for $100 and the https://znews.mn/2022/05/25/5447/ COGS is $60, the gross profit would be $40 ($100 – $60). To find the margin, the $40 gross profit is divided by the $100 selling price, resulting in a 0.40 or 40% margin. These metrics are not interchangeable and serve distinct functions in…