How can a product have > 100% margin? Were you getting paid by the supplier to s...

gambiting · on July 25, 2020

Uhm, you buy an item for $1, sell it for $3, the margin is 200%, no?

sokoloff · on July 25, 2020

As typically defined: The margin is 67%. The markup is 200%.

Margin is "profit as percent of revenue". Markup is "profit as percent of COGS".

jon-wood · on July 25, 2020

Ugh, of course. I had a total blank on basic maths for a moment.

jacquesm · on July 25, 2020

You are right, I should have used markup, not margin. Apologies.