Here’s a common confusion worth clearing up; if a product costs $80 and is sold for $100, what is the Margin and Mark-up of the product?
Margin - is the sale price ($100) minus the cost price ($80) i.e. $100-$80 = $20 Margin, or, as a percentage: ($100-$80)/$100 = 20% (profit/sale)
Markup - is the amount by which the cost price ($80) of a product is increased from the sale price ($100). ie ($100-$80)/$80 = 25% (profit/cost)
A useful site: Markup Calculator
Awarded the Architects Board of South Australia Prize in 2001, I began my career in Melbourne in 2002. In 2007 I started my practice with a beach house in Queenscliff. Intent on focusing on private dwellings, I continued working with builders to understand how to better implement an architectural design, which ultimately led to my own builder’s license. In 2015 I joined Destination Living to work on scaling the architect-builder model. Finally, in 2021 I pulled it all together to open my one-person office.
