Task #9
Markup and margin
People often mix up markup and margin in job interviews. Markup shows how much profit you make on each dollar of cost, and margin shows how much of each dollar of the price is profit. For each product, calculate:
- in D2:D6, the markup: profit divided by cost;
- in E2:E6, the margin: profit divided by price.
Profit is the price minus the cost.
Task #9
Markup and margin
People often mix up markup and margin in job interviews. Markup shows how much profit you make on each dollar of cost, and margin shows how much of each dollar of the price is profit. For each product, calculate:
- in D2:D6, the markup: profit divided by cost;
- in E2:E6, the margin: profit divided by price.
Profit is the price minus the cost.