Calculating Price based on projected profit margin

[Bassplaya7]

I am using this current formula to calculate my profit margin on product I sell.

=(A8-B8)/A8

<table width="195" border="0" cellpadding="0" cellspacing="0"><col style="width: 45pt;" width="60" span="2"> <col style="width: 56pt;" width="75"> <tbody><tr style="height: 18pt;" height="24"> <td class="xl26" style="height: 18pt; width: 45pt;" width="60" height="24">Price</td> <td class="xl27" style="width: 45pt;" width="60">Cost</td> <td class="xl27" style="width: 56pt;" width="75">Percentage</td> </tr> <tr style="height: 12.75pt;" height="17"> <td class="xl25" style="height: 12.75pt;" align="right" height="17">$3.79</td> <td class="xl25" align="right">$2.00</td> <td class="xl24" align="right">47.23%</td> </tr> </tbody></table>
I would like to be able to put in the Cost of the Product and desired profit margin to get the retail price. Can anyone help Please?

<table width="195" border="0" cellpadding="0" cellspacing="0"><tbody><table width="195" border="0" cellpadding="0" cellspacing="0"> <col style="width: 45pt;" width="60" span="2"> <col style="width: 56pt;" width="75"> <tbody><tr style="height: 12.75pt;" height="17"> <td class="xl26" style="height: 12.75pt; width: 45pt;" width="60" height="17">Cost</td> <td class="xl27" style="width: 45pt;" width="60">Margin</td> <td class="xl27" style="width: 56pt;" width="75">Price</td> </tr> <tr style="height: 12.75pt;" height="17"> <td class="xl25" style="height: 12.75pt;" align="right" height="17">$2.00</td> <td class="xl28" align="right">45%</td> <td class="xl24"></td> </tr> </tbody></table></tbody></table>

 

[Pauljj]

if the cost is in A1 and the mark up is in B1

=SUM(A1,A1*B1)

 

[Richard Schollar]

Here you go:

<b>Excel 2002</b><table cellpadding="2.5px" rules="all" style=";background-color: #FFFFFF;border: 1px solid;border-collapse: collapse; border-color: #A6AAB6"><colgroup><col width="25px" style="background-color: #E0E0F0" /><col /><col /><col /></colgroup><thead><tr style=" background-color: #E0E0F0;text-align: center;color: #161120"><th></th><th>A</th><th>B</th><th>C</th></tr></thead><tbody><tr ><td style="color: #161120;text-align: center;">7</td><td style=";">Price</td><td style=";">Cost</td><td style=";">Margin</td></tr><tr ><td style="color: #161120;text-align: center;">8</td><td style="text-align: right;;">3.79</td><td style="text-align: right;;">2</td><td style="text-align: right;;">47.23%</td></tr><tr ><td style="color: #161120;text-align: center;">9</td><td style="text-align: right;;"></td><td style="text-align: right;;"></td><td style="text-align: right;;"></td></tr><tr ><td style="color: #161120;text-align: center;">10</td><td style="text-align: right;;">3.636364</td><td style="text-align: right;;">2</td><td style="text-align: right;;">45%</td></tr></tbody></table><p style="width:3.6em;font-weight:bold;margin:0;padding:0.2em 0.6em 0.2em 0.5em;border: 1px solid #A6AAB6;border-top:none;text-align: center;background-color: #E0E0F0;color: #161120">Sheet1</p><br /><br /><table width="85%" cellpadding="2.5px" rules="all" style=";border: 2px solid black;border-collapse:collapse;padding: 0.4em;background-color: #FFFFFF" ><tr><td style="padding:6px" ><b>Worksheet Formulas</b><table cellpadding="2.5px" width="100%" rules="all" style="border: 1px solid;text-align:center;background-color: #FFFFFF;border-collapse: collapse; border-color: #A6AAB6"><thead><tr style=" background-color: #E0E0F0;color: #161120"><th width="10px">Cell</th><th style="text-align:left;padding-left:5px;">Formula</th></tr></thead><tbody><tr><th width="10px" style=" background-color: #E0E0F0;color: #161120">C8</th><td style="text-align:left">=(<font color="Blue">A8-B8</font>)/A8</td></tr><tr><th width="10px" style=" background-color: #E0E0F0;color: #161120">A10</th><td style="text-align:left">=B10/(<font color="Blue">1-C10</font>)</td></tr></tbody></table></td></tr></table><br />

 

[Bassplaya7]

Thx!

 

[tman603]

What if cost is variable based on sales price? Eg. Credit card processing fees 2% of sales price.

Here you go:

Excel 2002

	A	B	C
7	Price	Cost	Margin
8	3.79	2	47.23%
9
10	3.636364	2	45%

<colgroup><col style="width: 25pxpx"><col><col><col></colgroup><thead>
</thead><tbody>
</tbody>

Sheet1​

Worksheet Formulas Cell Formula C8 =(A8-B8)/A8 A10 =B10/(1-C10) <thead> </thead><tbody> </tbody>

<tbody>
</tbody>

 

[CatherineH]

What if cost is variable based on sales price? Eg. Credit card processing fees 2% of sales price.

To factor in a cost that is calculated as a percentage of the price:
Price based on fixed profit | Flickr - Photo Sharing!