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Common questions
How do margin and markup differ?
Margin is profit as a percentage of the selling price. Markup is profit as a percentage of the cost price.
Which mode should I use to set a selling price?
Use Target Margin if you know the margin you want to earn. Use Markup if you want to add a set percentage to your cost.
How do I check the effect of a discount?
Enter your cost and selling price in Margin mode, then open Discount and enter the percentage. Check the updated profit per sale and margin before applying the discount.