Use this overview reporting example to help check your company-wide Gross Profit. If you divide your profit by the Cost of Production, you can then compute what your average Markup has been.
Have you been charging enough?
Use the following reference charts to easily convert between Gross Profit and Markup as you estimate costs and pricing for individual jobs.
Use this chart to show what your Gross Profit will be if you mark up the amount shown in the first column:
Use the following chart to show what your Gross Profit will be if you mark up the amount shown in the first column:
Tip from Diane: Many of my clients like to print these charts in color. Some like to place them in sheet protectors or even laminate them!
