Cost + markup → price

Selling price
Profit per unit
Margin

Cost + price → markup

Markup
Margin
Profit per unit

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Markup vs. margin: the difference that trips people up

Markup and margin both describe the profit in a sale, but they measure it against different numbers, and confusing them is how businesses quietly underprice.

  • Markup is profit as a percentage of cost: markup % = (price − cost) ÷ cost × 100.
  • Margin is profit as a percentage of price: margin % = (price − cost) ÷ price × 100.

Because the selling price is always bigger than the cost, the margin percentage is always smaller than the markup percentage. A 50% markup sounds like a 50% margin — it's actually 33.3%. Price from the markup number while reporting the margin number and you'll miss your targets every time. To convert: margin = markup ÷ (100 + markup) × 100.

Setting price is only half the job. See how your number compares with the SaaS pricing directory and tear down any competitor's page with the Pricing Page Analyzer.