Field glossary

Markup vs margin

Markup is the multiplier on cost; margin is profit as a percent of price; they are different numbers

Used across 5 Anvilfield field guides, most in Plumbing.

Also defined as

Paving: Markup is profit as a percent of cost; margin is profit as a percent of price; a 20 percent margin needs a 25 percent markup
Electrical: Markup is profit as a percent of cost; margin is profit as a percent of price; margin is always smaller

Where this shows up