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What is the difference between the margin and markup?

Budgeting Finacle Gross Margin Margin Enhancement
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Question added by Ahmed Lutfi Abu Rasheed , Chife Accountant , Cigalah Trading Est.,
Date Posted: 2013/10/09
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Rehan Qureshi
by Rehan Qureshi , Financial Consultant , Self Employeed

fully agree with Mr. Divyesh Patel

Ahmed Lutfi Abu Rasheed
by Ahmed Lutfi Abu Rasheed , Chife Accountant , Cigalah Trading Est.,

ok

Divyesh Patel
by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

Mark-up- is the amount you add to the cost of a product to arrive at its selling price.

 

Margin- simple means you turn that into a percentage of the selling price.

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