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so are you trying to figure out how to calculate margin on a product or service that you offer well thatamp;#39;s what weamp;#39;re going to talk about today hey bad ass business owner now one of the things that you love to do is to learn more about your numbers so you want to understand margin and gross margin a little bit better well weamp;#39;re going to talk about margin but first you got to understand the difference because youamp;#39;re going to hear both of these terms margin and gross margin first off margin is typically associated with a product or a service margin is the difference between a product or a services selling price so what you sell that product or service for and the cost of goods to produce it so the parts and the labor to uh put it together weamp;#39;re going to talk about that a little bit more but for most products itamp;#39;s just going to be the parts to that product in most cases now gross margin on the other hand is the companyamp;#39;s itamp;#39;s