When selling goods, you may decide you need to mark up every item by a given percentage to cover costs and make a reasonable profit. Or, to put it another way, you're establishing a given ratio of ...

A retail business buys finished goods from suppliers and manufacturers and sells them to consumers and businesses. Retailers may also assemble or manufacture products for resale. Financial ratios ...

Opinions expressed by Entrepreneur contributors are their own. Confusion frequently surrounds the meaning of gross margin and markup, probably because they are two different ways of expressing the ...