Profit Margin vs Markup: What’s the Difference (With Formula Examples)
Profit margin and markup use different bases, so a 50% markup is only a 33.3% margin. Learn both formulas, conversion tricks, and worked pricing examples.
Profit margin and markup use different bases, so a 50% markup is only a 33.3% margin. Learn both formulas, conversion tricks, and worked pricing examples.
Work out your freelance hourly rate from your income goal, costs and realistic billable hours, with a full worked example.