Markup and Markup language: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Create page. Sources: linked pages.)
 
imported>Doug Williamson
(Create page. Sources: linked pages and Techterms webpage https://techterms.com/definition/markup_language)
 
Line 1: Line 1:
''Cost and management accounting''.  
''Information technology''.  


Markup is an amount added to relevant costs, to calculate a selling price.
A markup language is a computer language that uses tags to define elements within a document.  


It is usually expressed as a percentage of relevant costs.
It is human-readable, meaning markup files contain standard words, rather than typical programming syntax.  


Relevant costs will usually, but not always, be direct costs of production.
While several markup languages exist, the two most popular are HTML and XML.
 
 
Markup is calculated in the same way as Margin on costs, using the same inputs:
 
''Markup = profit '''÷''' costs''
 
 
<span style="color:#4B0082">'''Example 1: Markup calculation'''</span>
 
Selling price = 100
 
Relevant costs = 70
 
 
The surplus (profit):
 
= selling price - costs
 
= 100 - 70
 
= 30.
 
 
And the markup:
 
= profit / costs
 
= 30 / 70
 
= '''42.9%'''.
 
 
''Note the Markup is normally used in a planning and price setting context, looking ahead. The similarly calculated Margin on costs may be seen equally in both historic accounting contexts and in planning and price setting.''
 
 
<span style="color:#4B0082">'''Example 2: Price setting using markup'''</span>
 
Costs = 70
 
Markup = 42.9%
 
Calculate the selling price
 
 
Required surplus (profit):
 
= 70 x 0.429
 
= 30.
 
 
Selling price:
 
= costs + profit
 
= 70 + 30
 
= '''100'''.
 
 
Short cut calculation:
 
''Selling price = costs x (1 + markup)''
 
= 70 x (1 + 42.9%)
 
= 70 x 1.429
 
= '''100''' (as before).




== See also ==
== See also ==
* [[Cost]]
* [[Extensible markup language]] (XML)
* [[Direct costs]]
* [[HyperText Markup Language]] (HTML)
* [[Management accounting]]
* [[Information technology]]
* [[Margin]]
* [[Markup]]
* [[Overheads]]
* [[Profit margin]]
* [[Profit]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Technology]]

Latest revision as of 18:27, 10 February 2019

Information technology.

A markup language is a computer language that uses tags to define elements within a document.

It is human-readable, meaning markup files contain standard words, rather than typical programming syntax.

While several markup languages exist, the two most popular are HTML and XML.


See also

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Markup&oldid=32144’