Free Calculator
Markup and margin aren't the same thing — and the mix-up costs contractors real money every year. Enter your cost and either the markup or the margin you want. We'll do the rest.
How much you add on top of your cost
How much you add to your cost to get your selling price.
Markup % = (Price − Cost) / Cost
Example: A $100 part sold for $150 has a 50% markup.
The percentage of the selling price that's profit.
Margin % = (Price − Cost) / Price
Example: A $100 part sold for $150 has a 33% margin.
If you need a 30% profit margin on materials, you don't mark them up by 30% — you need a 42.9% markup. Marking up by only 30% leaves you with a 23% margin, not 30%. On a $10,000 job, that's $700 of profit you thought you were making but aren't.
| Markup | Equivalent margin |
|---|---|
| 10% | 9.1% |
| 20% | 16.7% |
| 25% | 20% |
| 33% | 24.8% |
| 43% | 30% |
| 50% | 33.3% |
| 67% | 40% |
| 100% | 50% |
SoloBid's price book stores your cost and markup on every material and labor item. Your quotes calculate themselves — with the margin you actually need.
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