Jobmath

Markup and margin calculator

Enter any two numbers. Jobmath works out the rest and shows the profit in dollars.

Start with your cost, then add a markup, a margin or a price.

Profit on this job
$0.00
not setmarkup on cost
not setmargin on price
Price = Cost × (1 + Markup)
Margin = Profit ÷ Price

Markup needed for a target margin

Markup and margin are different percentages of the same profit. To keep a given margin, you have to mark your cost up by more than that number.

Target marginMarkup neededPrice on $1,000 cost
10%11.1%$1,111.11
15%17.6%$1,176.47
20%25%$1,250.00
25%33.3%$1,333.33
30%42.9%$1,428.57
35%53.8%$1,538.46
40%66.7%$1,666.67
50%100%$2,000.00

Markup vs margin

Markup is profit as a percentage of your cost. Margin is profit as a percentage of the selling price.

A job that costs you $1,000 and sells for $1,250 makes $250. That is a 25% markup ($250 ÷ $1,000) and a 20% margin ($250 ÷ $1,250).

If you want a 20% margin and you mark up your cost by 20%, you get a 16.7% margin. Use the table above, or type the margin into the calculator and it sets the markup for you.

Read the full guide to markup and margin

Formulas

Price = Cost × (1 + Markup)
Price = Cost ÷ (1 − Margin)
Markup = Profit ÷ Cost
Margin = Profit ÷ Price
Markup = Margin ÷ (1 − Margin)