Markup or margin? See both.
Markup is what you add on top of your cost. Margin is the share of the price you keep. A 50% markup is only a 33% margin, and mixing them up costs money on every part.
Change the markup to see the price, or change the price to see the markup.
Price
Markup
Margin
Markup = (price − cost) ÷ cost. Margin = (price − cost) ÷ price.
Common markups and their margins
| Markup | A $100 cost sells for | Margin |
|---|---|---|
| 20% | $120.00 | 16.7% |
| 25% | $125.00 | 20% |
| 33.3% | $133.33 | 25% |
| 50% | $150.00 | 33.3% |
| 100% | $200.00 | 50% |
MightyCrews
See the profit on every job
Keep your parts with their cost and price in your MightyCrews price list. On Full Suite, MightyCrews shows each job's profit: the price, the materials and the time. Free to start, no card needed.