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Brian Feroldi on Instagram: "Margin vs. Markup Knowing the difference can improve profits! To calculate margin and markup, you need three numbers: 1: Revenue: Income earned from sales after discounts & rebates 2: Cost of Goods Sold (COGS): The cost to create the product/service 3: Gross Profit: Revenue - COGS 🔹 Margin is based on the selling price. It shows the percentage of the selling price that becomes gross profit. Formula: (Gross Profit / Reveue) x 100 🔹 Markup is calculated based on the
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