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Glossary Shop business & metrics

What is Gross margin?

Definition

Gross marginRevenue minus COGS, shown in dollars or as a percentage of the price. It's the number that tells you whether a busy calendar is actually profitable. A wall-menu list price is a revenue number; margin is the profit number underneath it.

Why it matters to a shop

Margin is the number a shop owner should be able to see before sending a quote, not after reconciling at tax time. A price list tells you what you charged; margin tells you whether the job was worth doing at all.

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Related terms

More from shop business & metricsThe owner-side numbers that decide whether a busy shop makes money.

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