Bronwyn Lawson

Feb 27, 2024 | moneyandfinancemagazine.com | Mario Hernandez |Steve RobsonTom Molloy |Bronwyn Lawson

What’s the difference between a mark-up and a profit margin? How important is it to get it right? A mark-up is the amount that you determine to put on top of your cost price to be able to make a profit. A profit margin is what you are left with after you have made the sale, and paid for your cost of sales and expenses. Everyone who goes into business does so with an expectation of making a profit, but poor planning could see that profit margin end up being smaller than the effort is worth.