{"id":596,"date":"2018-01-31T07:00:42","date_gmt":"2018-01-31T07:00:42","guid":{"rendered":"http:\/\/arthurnix.meicivil.net\/?p=596"},"modified":"2020-10-16T15:34:13","modified_gmt":"2020-10-16T15:34:13","slug":"markup-versus-profit-margin","status":"publish","type":"post","link":"https:\/\/heavybid.ewksol.com\/index.php\/2018\/01\/31\/markup-versus-profit-margin\/","title":{"rendered":"Markup Versus Profit (Margin)"},"content":{"rendered":"<p>HCSS HeavyBid uses Markup for the most part for the basis of establishing a bid price however there are times where a desired Profit is set as the goal to establish revenue. Markup is a percentage of cost while Profit is a percentage of sales. There is a direct relationship between the two. \u00a0I made up a spreadsheet where you can calculate one if you know the other. \u00a0Link is below.<br \/>\n<a href=\"https:\/\/ewksol-my.sharepoint.com\/personal\/anix_ewksol_com\/_layouts\/15\/guestaccess.aspx?docid=1084a6697c5df4fffb8e884d6af7202a6&amp;authkey=ARROLe3iby7NkYon1RZjOi0\">Markup and Profit Spreadsheet<\/a><\/p>\n<p>If there confusion on the difference the following is a Wikipedia article that addresses the subject in great detail.<br \/>\n<a href=\"https:\/\/en.wikipedia.org\/wiki\/Markup_(business)\">Article\u00a0<\/a><\/p>\n<p>If you want to use just a % Profit as opposed the markup on cost consider doing an addon and use &#8220;Job Value&#8221;. But be aware it profit calculated will be on the Balanced Bid and not the actual bid price.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HCSS HeavyBid uses Markup for the most part for the basis of establishing a bid price however there are times where a desired Profit is set as the goal to establish revenue. Markup is a percentage of cost while Profit is a percentage of sales&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,14,1],"tags":[39],"class_list":["post-596","post","type-post","status-publish","format-standard","hentry","category-expert-series","category-setup-heavybid","category-uncategorized","tag-heavybid-expert-tutorial"],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/heavybid.ewksol.com\/index.php\/wp-json\/wp\/v2\/posts\/596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/heavybid.ewksol.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/heavybid.ewksol.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/heavybid.ewksol.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/heavybid.ewksol.com\/index.php\/wp-json\/wp\/v2\/comments?post=596"}],"version-history":[{"count":4,"href":"https:\/\/heavybid.ewksol.com\/index.php\/wp-json\/wp\/v2\/posts\/596\/revisions"}],"predecessor-version":[{"id":1314,"href":"https:\/\/heavybid.ewksol.com\/index.php\/wp-json\/wp\/v2\/posts\/596\/revisions\/1314"}],"wp:attachment":[{"href":"https:\/\/heavybid.ewksol.com\/index.php\/wp-json\/wp\/v2\/media?parent=596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/heavybid.ewksol.com\/index.php\/wp-json\/wp\/v2\/categories?post=596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/heavybid.ewksol.com\/index.php\/wp-json\/wp\/v2\/tags?post=596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}