What is Gross Profit Margin?
Gross profit margin measures how much of each sales dollar remains after covering the cost of goods sold. Formula: Gross Margin % = (Revenue − Cost) / Revenue × 100. A 40% margin means 40 cents of every dollar is profit before operating expenses.
Margin vs Markup
Margin and markup both describe profit, but from different perspectives. Margin divides profit by the selling price; markup divides profit by the cost. A 25% markup results in a 20% margin. Retail and wholesale industries often use markup; finance teams prefer margin.
How to Price for a Target Margin
To find the selling price that delivers a specific margin: Selling Price = Cost ÷ (1 − Target Margin). For a 30% margin on a $70 cost item: 70 ÷ 0.70 = $100. This ensures the margin is calculated correctly relative to the selling price, not the cost.
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