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Markup is not margin

Adding 50% to your cost does not give you a 50% margin. Here is the conversion.

Conversion table from markup percentage to profit margin percentage: 20, 25, 33, 50, 75 and 100 percent markup.

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Credit line for print: “Markup is not margin” — Honest Little Apps, honestlittleapps.github.io/learn, CC BY 4.0.

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ScopeBid: Estimate & Invoice

The app this graphic comes from: Create professional contractor estimates, reuse saved pricing and turn approved jobs into invoices from your iPhone — even with no signal.

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