Markup and Margin
I want to introduce you to my two friends – markup and margin.
What do you think when you hear the term markup? What about margin?
Are they one in the same? Or, are they different?
In this article, we’ll explore these two kissing cousins. And, we’ll reveal a big secret.
Pricing Example
God willing, we’ll just hit this head on. Let’s say that you are the leading producer of Gizmos.
- It costs you $100 to make a Gizmo.
- And, your business advisor recommends that ...
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