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How to Calculate Margin: A Step-by-Step Guide

Calculating margin is an essential aspect of running a successful business. Whether an individual is a seasoned entrepreneur or a newcomer to the world of business, understanding how to calculate margin accurately is crucial. Margin calculation helps determine profitability and makes informed decisions around pricing and cost management.

To calculate margin, one needs to understand the basic formula: (Selling Price - Cost) / Selling Price x 100. The formula assists in determining the percentage of profit made from a sale. By following a step-by-step guide, one can efficiently calculate margins for products or services, enabling them to set competitive prices that cover costs and generate profit.

This article will provide a comprehensive step-by-step guide on how to calculate margin effectively. From breaking down the formula to exploring real-world examples, readers will gain a solid

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What Is Passive Income? A Simple Explanation

Passive income is a concept that continues to gain popularity among those seeking financial independence and the flexibility to enjoy a more relaxed lifestyle. Passive income essentially refers to earnings generated with little to no ongoing e...

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