How it works
Price = cost × (1 + markup). Margin = (price − cost) ÷ price. Price for a target margin = cost ÷ (1 − margin). Markup needed for a margin = margin ÷ (1 − margin).
Pricing a whole task? Use the flat-rate price calculator.
Frequently asked questions
What's the difference between markup and margin?
Markup is profit as a percentage of cost. Margin is profit as a percentage of the selling price. A 50% markup on a $100 part gives a $150 price, which is a 33.3% margin.
Can margin be 100% or more?
No. Margin is a share of the price, so it's always under 100%. Markup has no upper limit.