Here I have explained the concept of Profit Markup and Profit Margin with 100% clarity in a simple way.
I have shown how to calculate it and interpret the meaning behind it with a practical example.
⏱TIMESTAMPS
00:00 - Meaning of Revenue, COGS and Gross Profit
02:47 - Markup and Margin Concept
06:15 - Practical Example with Interpretation
16:13 - How to calculate when Mismatched Information is given ?
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