Markup ↔ Margin
Markup is based on cost; margin is based on price. They're not the same number.
Convert
Margin % = Markup ÷ (1 + Markup) · Markup % = Margin ÷ (1 − Margin)
From cost + price
Markup %
150.00%
Margin %
60.00%
Markup is based on cost; margin is based on price. They're not the same number.
Margin % = Markup ÷ (1 + Markup) · Markup % = Margin ÷ (1 − Margin)