Time Valuer / Resources / Glossary / Markup
Markup
The amount added to cost to set a price, as a percentage of the cost.
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What it means
Markup and margin describe the same profit from two sides. Markup is measured against cost; margin against the price.
Mixing them up is a common reason quotes come in too low.
Example
| Cost | $100 |
| 50% markup | +$50 |
| Price | $150 |
| Margin on that price | 33.3% |
In Time Valuer
Time Valuer prices work from the time it takes, then adds your margin, so the cost underneath is always real.
Related terms
Questions and answers
What is the difference between markup and margin?
The amount added to cost to set a price, as a percentage of the cost.
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