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hey there iamp;#39;m rachel evans from the workshop whisperer and we help auto repair shop owners just like you to achieve business success now today we are here to talk about uh what weamp;#39;ve been discussing in the group all week markup margins and matrix now thereamp;#39;s a fair bit of confusion uh especially around the difference between markup and margin and weamp;#39;re hopefully going to clear that up for you in this live video and weamp;#39;re also going to discuss matrix so what matrix should you be referring to and what traps should you avoid so if youamp;#39;re watching this with me live make sure you comment in the comments below the video that youamp;#39;re here with me live and if youamp;#39;re watching the replay make sure you let me know that as well all right first of all letamp;#39;s talk about markup and margins so theyamp;#39;re used interchangeably we hear it all the time uh i got this margin or i marked up by this much and often uh the person saying