#Markup and #Margin are two important concepts in business and finance. Markup refers to the amount added to the cost of a product or service to determine the selling price. Margin, on the other hand, is the difference between the selling price and the cost of the product or service.

Markup is usually expressed as a percentage of the cost, while margin is expressed as a percentage of the selling price. A high markup means a higher profit margin, but it also means a higher price for the customer. It's important to find a balance between markup and margin to ensure profitability and competitiveness in the market.

Understanding markup and margin is crucial for businesses of all sizes. It allows them to price their products and services effectively and make informed decisions about their pricing strategy. #business #finance #pricing #profitability #competitiveness

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