Markup is an important calculation for specialty contractors, remodelers, and new-home builders. If it's calculated correctly, businesses give themselves enough money to cover their overhead expenses and make a reasonable net profit. If markup is too low, you may be out of business rather quickly.
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Answer:
Markup is an important calculation for specialty contractors, remodelers, and new-home builders. If it's calculated correctly, businesses give themselves enough money to cover their overhead expenses and make a reasonable net profit. If markup is too low, you may be out of business rather quickly.
You need to compute it or it make you fool.
it is short, I hope it will help!☺️