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If James gross profit mark up is 25 percent then his margin on sales will be 20 percent.Yes Or No?
Wiki User
∙ 15y ago
No, gross profit and markup are two different things. Gross profit is expressed as a percentage of the sales price, and markup is expressed as a percentage of the cost. For example the Gross Profit on something that costs $100 that is being sold for $143 is 30% GP. The markup on that same item is 43%. Bottom line, you can't have a "gross profit markup". There's a Gross Profile Margin, and a Markup.
Wiki User
∙ 15y ago
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