Questions

Frequently asked questions

Straight answers about this calculator and how UK trades use the figures day to day.

What is the difference between margin and markup?

Margin is profit as a share of selling price (revenue). Markup is profit as a share of cost. A 25% markup is not the same as a 25% margin.

Should I include VAT in revenue and costs?

For a clear profit view, compare like with like, usually net of VAT if you are VAT-registered.

What costs should I include?

Include labour, materials, subcontractors, and any job-specific expenses. For a fuller picture, add a share of overheads.

Why is my markup higher than my margin?

That is normal whenever there is profit. Markup divides by a smaller number (cost), so the percentage looks higher.

Can this replace job costing software?

It is a quick check. Total Tradesmen helps you track quotes, costs and invoices on the live job so margins stay visible as work progresses.

What if costs are higher than revenue?

Profit will be negative. That flags a loss-making job or period so you can adjust pricing or costs.

Want Clearer Margins On Every Job?

Manage jobs, quotes and invoices in Total Tradesmen so profit is easier to protect.

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