Arfa Daily wrote:
"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".

You misunderstand Arfa. I was making the point that the precentage mark up
relates to the cost of the item. A 100% mark up on 50p is bugger all (50P)
wheras, as you say a 100% mark up on a £200 item is a lot of money.


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