Free calculator
Job profit calculator
Enter the selling price and the job’s direct costs to see the gross profit, the gross margin and the markup. Works on any device, no account needed.
Results
This job costs more than its selling price. Check the price or the costs.
Track real job costs freeHow the numbers are worked out
Total estimated cost = material costs + labour costs + other direct job costs
Gross profit = selling price − total estimated cost
Gross profit margin = gross profit ÷ selling price × 100
Markup = gross profit ÷ total estimated cost × 100
Worked example
| Selling price | $10,000.00 |
| Materials + labour + other ($3,500 + $3,000 + $500) | $7,000.00 |
| Gross profit | $3,000.00 |
| Gross margin ($3,000 ÷ $10,000) | 30% |
| Markup ($3,000 ÷ $7,000) | 42.86% |
Margin and markup are not the same number
Margin divides the profit by the price; markup divides it by the cost. Because the price is always larger than the cost on a profitable job, the margin is always the smaller number. Pricing with a 30% markup when you need a 30% margin leaves you short: a 30% markup gives only a 23.08% margin.
Use real costs, not last year’s
A calculator is only as good as the costs you enter. In Universal Workflow, each quote is built from your current material prices, labour rates and services, purchase orders record what you actually spent, and timesheets show the hours each job took. See job costing.
What is gross profit?
The selling price minus the direct costs of the job: materials, labour and other costs that exist only because of this job. It's what's left to pay overhead and to keep as profit.
What's the difference between margin and markup?
Margin is profit as a share of the selling price. Markup is profit as a share of the cost. On a $10,000 job that costs $7,000, the $3,000 profit is a 30% margin but a 42.86% markup.
Should overhead be included?
Not in gross profit. Rent, insurance, office wages and vehicles are overhead, paid out of gross profit across all jobs. Include only costs that this job creates.
Does it include sales tax?
No. Enter the selling price before tax; sales tax is collected for the government and isn't profit.
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