Profit Margin vs Markup: What’s the Difference and How to Calculate Both
Margin and markup are not the same, and mixing them up can cost you money. See the formulas, worked examples and how to set a price for a target margin.
Margin and markup are not the same, and mixing them up can cost you money. See the formulas, worked examples and how to set a price for a target margin.
Learn the simple formulas to add GST to a price or remove it from an inclusive price, with worked examples at 5% and 18% and the CGST/SGST split explained.