What markup means
Markup is the amount added on top of your cost to set a price, stated as a share of the cost.
Where it shows up in your business
Markup and margin are not the same number, and mixing them up is one of the most common ways contractors underprice. Decide which one you price with and stick to it.
Work it out
- Free calculator: Markup calculator
- Money guide: Markup vs margin
- Money: Money guides for contractors