What's difference between Margin & Markup?
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Answer:
The mark-up is the difference between the sales price and its cost of an item (gross profit). The margin can be the same, but unfortunately this term has many other meanings as well. http://www.thefreedictionary.com/margin http://www.businessdictionary.com/definition/margin.html http://www.merriam-webster.com/dictionary/margin http://www.merriam-webster.com/dictionary/markup http://www.thefreedictionary.com/markup
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Other answers
The mark-up is the difference between the sales price and its cost of an item (gross profit). The margin can be the same, but unfortunately this term has many other meanings as well. http://www.thefreedictionary.com/margin http://www.businessdictionary.com/definition/margin.html http://www.merriam-webster.com/dictionary/margin http://www.merriam-webster.com/dictionary/markup http://www.thefreedictionary.com/markup
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