Markup vs. Margin: What’s the Difference? Explained using Excel

[@gregorytaylor2749]

Chris, I use a simple formula to price at desired gross margin. For example, if I want to make 20%GM the formula is Cost / ( 1 - .20 ) . Conversely Markup formula is simply Cost * 1.25.

[@ChrisMenardTraining]

Very good! I see the logic. Thanks, Gregory.

[@kimberbearly7909]

Conversely is the wrong word to use.

[@gregorytaylor2749]

@@kimberbearly7909 Sorry, Blame the misuse on Google translate.

[@gregorytaylor2749]

@@kimberbearly7909 グーグル翻訳の誤用を非難する

[@msemmafw]

Is the cost including shipping and packaging also ?

[@kosmotto]

I cant tell if this is spooky math, A weird tiktok math problem Like Elon has 178 billion, s he could give everyone a million and still be rich