Calculating Sale price from cost and Margin

Mr T

New Member
Joined
Jul 8, 2003
Messages
4
Hi all,
I need to calculate some sale prices based on original cost 24.9 and margin 85%. I know this is really simple but i am having a monday mental block
 

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duplinguy

Board Regular
Joined
Apr 25, 2002
Messages
95
Formula is Cost/(1-Pecent Margin).
In your example, 24.9/(1-.85) will give you a selling price of 166.
 

capchica85

New Member
Joined
Oct 1, 2015
Messages
1
This is the correct answer above:

Formula is:
Sell Price = Cost / (1- Margin %).
In your example, 24.9/(1-.85) will give you a selling price of 166.

Here is the excel function: =A2/(1-B2) where A2=cost and B2=margin% (in decimal form)


(isn't that a high margin Mr. T? you're lucky to be able to do that)

100/15 * cost is the same as 24.9 * 100/(100-85) which works but is complicated.

Sell Price = Cost * (1+ Margin %) does not work.
 

CRUTHERFORD

Board Regular
Joined
Jul 10, 2014
Messages
107
This is the correct answer above:

Formula is:
Sell Price = Cost / (1- Margin %).
In your example, 24.9/(1-.85) will give you a selling price of 166.

Here is the excel function: =A2/(1-B2) where A2=cost and B2=margin% (in decimal form)


(isn't that a high margin Mr. T? you're lucky to be able to do that)

100/15 * cost is the same as 24.9 * 100/(100-85) which works but is complicated.

Sell Price = Cost * (1+ Margin %) does not work.



I'm sorry but Sell Price = Cost * (1+ Margin %) DOES work and shows the correct value. For example:

£5 * (1+20%) = £6
20% of £5 = £1
 

sheppyh

New Member
Joined
Oct 6, 2017
Messages
1
I'm sorry but Sell Price = Cost * (1+ Margin %) DOES work and shows the correct value. For example:

£5 * (1+20%) = £6
20% of £5 = £1
You bloody better be sorry, because you're WRONG.

Thanks for wasting 15 mins of my time with your confusion.

This is profit % not margin %
 

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