Markup vs. Margin - Common MISTAKE | Difference explained for Beginners

What is the difference Between Markup Vs Margin?
Profit Margin versus Profit Markup, is a distinction that is often misunderstood by small business owners, sales people or finance students. In this video I am showing you how to calculate the difference between markup and profit margin.
Margin is Profit divided by Revenue/Selling Price, and #markup is Profit divided by Cost Price.
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ABOUT NISHA MENON:
Nisha Menon reveals her tools, tips & strategies for a smoother road to success. This channel aims to help you build your own business from scratch, using the experience, lessons and pitfalls Nisha has learnt in her 12 years of entrepreneurial life.
Nisha is the Director of NIKASU Foods & founder of JACK & CHILL. NIKASU is a family run business with 2 factories based in India manufacturing Frozen food for over 25 years. She has been managing the UK office since 2008.
She
1) Has been featured in FEMINA magazine & Empowered Magazine.
2) Has contributed to TELEGRAPH newspaper articles
3) Has written review on BBC Dragon's Den episode
4) Was nominated to attend the FORTUNE Most Powerful Women summit in London
5) Was shortlisted 3 times in Croydon Business Awards
5) Gives talks at food exhibitions & seminars
6) Mentors university students & aspiring entrepreneurs
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DISCLAIMER: Any information given on this channel and the videos are for educational/information purposes only.
This description may contain affiliate links to products, I have personally found useful. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). Thank you for your support!
#nishamenon #margins #markup #profit

[@NishaMenonBusinessTalks]

Thanks for watching! What topics related to business would you like me to cover in my future videos. Comment below! 😊

[@dikshabansal9147]

Great Work!!!
Just a feedback want to give, How about if you give us an example of costings and expenses related to importing and exporting ? Thanks Have a great weekend.

[@NishaMenonBusinessTalks]

Thanks for your suggestion Diksha. Will add to my list now
Take care x

[@ukemeedem255]

Great

[@NishaMenonBusinessTalks]

Thank you 😊

[@vishnureddy1884]

Hey pls do the tutorials on Business Administration Courses

[@vasugowdvasu87]

export business plan

[@vasugowdvasu87]

Super

[@vasugowdvasu87]

Really super