Average Markup

Definition: How much profit is going to cover the costs. Note: An average of markup at a product level Equation: average of (Gross Margin / Costs) or average of (Profit / Costs) Example: Retailers want to see average markup to be over 100%. If it is over 100% the profit of the sale has covered the cost. If t…

Measurement Definitions - Retailer & Bridge

06-Apr-2021

1272