Useful Information for Retail Stores

Cost Price: The amount paid to acquire the product.

Selling Price: The amount for which the product is sold to customers.

Margin: The difference between the selling price and the cost price, expressed as a percentage of the selling price. It indicates the profitability of a product.

Markup: The difference between the selling price and the cost price, expressed as a percentage of the cost price. It indicates the amount added to the cost price to arrive at the selling price.