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Profit Markup vs. Margin - Simple Formula, Common Mistake

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Published on Jun 1, 2011

85% of contractors incorrectly calculate profit on their estimates. Most contractors use the markup method - but this method will leave your bottom line coming up short every time! In this brief video, we explain the difference between a markup and a margin, and how to use a profit margin formula on your estimates that will give you an accurate profit every time.

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