What are the similarities and differences between mark-up and margin?
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What are the similarities and differences between mark-up and margin?
What are the similarities and differences between mark-up and margin?
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Answer:
Both profit margin and markup use revenue and costs as part of their calculations. The main difference between the two is that profit margin refers to sales minus the cost of goods sold while markup to the amount by which the cost of a good is increased in order to get to the final selling price.