Profit margin tells you what percentage of the sale money was left as profit.
A £10 profit on a £20 sale is a 50% margin. A £10 profit on a £100 sale is only a 10% margin. Margin helps compare sales of different sizes.
Keep this step simple and use the real numbers or evidence you have.
Keep this step simple and use the real numbers or evidence you have.
Keep this step simple and use the real numbers or evidence you have.
Keep this step simple and use the real numbers or evidence you have.
Two items can both make £15 profit, but the one that needed £80 of sales money to make it is less efficient than the one that needed £30.
Margin and markup are different calculations. Use margin when you want to know how much of the sale price you kept.
MyCost can keep the item cost, storage location, sale and real profit together so you do not have to remember it all.
