Margin and markup are not interchangeable
Margin is profit divided by selling price. Markup is profit divided by cost. To preserve a target margin, divide cost by one minus the margin instead of simply adding the same percentage to cost.
Worked example
With $6,200 in cost and a 25% target margin, the unrounded price is $8,266.67. Rounded up to the nearest $50, the quote is $8,300, profit is $2,100, actual margin is 25.3%, and markup on cost is 33.9%.
Rounding upward protects the selected margin. A large rounding increment may push the actual margin above your target.
Markup calculator questions
Why does 25% margin require 33.3% markup?
Because the percentages use different bases. Margin uses the final selling price; markup uses the original cost.
Should I mark up every cost separately?
You can, but this calculator starts from the complete job cost. Make sure labor burden, overhead, and other real costs are already represented.
Does the price include sales tax?
No. Add and report sales tax according to the rules that apply to your work and location.