"Andy Hall" wrote in message news:48426bb6@qaanaaq...
On 2008-06-01 09:21:41 +0100, "Arfa Daily" said:


"The Medway Handyman" wrote in message
...


Andy Hall wrote:
On 2008-05-31 00:45:29 +0100, "Dave Plowman (News)"
said:

In article 48408c85@qaanaaq,
Andy Hall wrote:
Project management can range from the sophisticated down to the
simple one of sourcing specified goods and fitting them..

Right. I project managed a 13 amp plug onto a cable today.

Hope you made a good margin :-)

Cost price 50p, mark up 100%, materials £1.00 - margin bugger all.



--
Dave - The Medway Handyman
www.medwayhandyman.co.uk



So how would you figure a markup of 100% to be a margin of "bugger all" ?
I'm glad I've never enganged you to do any work for me. If I marked
everything up by 100%, I wouldn't have any customers ... d;~}

Arfa

Your'e confusing markup and margin.

If I buy something for 50p and mark it up 100% it will be priced at £1.

For this case, the margin is 50%.

Had the cost of goods been £1, then the margin would have been zero,
bugger all, or in Welsh, Llareggub.


I'm not confusing anything. I know the difference between %age markup and
'margin'. The cost of the goods in the example wasn't £1, it was 50p. If you
marked it up by 100% to £1 your margin is, as you say, 50%. To progress this
in a logical manner, if you bought a bath for £200, and applied your 100%
markup to your customer, it's then gonna set them back £400. Still a 50%
margin, but an extortionate price to the customer ... I wouldn't call that
margin of £200, "bugger all".

Arfa