Both profit margin and markup use revenue and costs as part of their calculations. The main difference between the two is that profit margin refers to sales minus the cost of goods sold while markup to the amount by which the cost of a good is increased in order to get to the final selling price.
deidara19
Is single trade discount rate equal to trade discount series rate? Explain why (you may explain through mathematical computation)
knightavery752
Single trade discounts are purchase incentives provided by store owners that are good for one transaction only. The opposite is a series discount, where conditions apply in order for a customer to reach additional savings levels.
deidara19
paki check po yung profile ko meron pa po ako question sakit sa ulo e
Answers & Comments
Answer:
Both profit margin and markup use revenue and costs as part of their calculations. The main difference between the two is that profit margin refers to sales minus the cost of goods sold while markup to the amount by which the cost of a good is increased in order to get to the final selling price.