Gross Profit Formula

mystified66

New Member
Help please - I am a jeweller trying to work out gross profit from




COLUMN A RING PRICE TO CUSTOMER , COLUMN B VAT 20%, COLUMN C. ASSAY FEE 17.50, COLUMN D GOLD PRICE,

COLUMN E. TOTAL COST COLUMN F. GROSS PROFIT

BASICALLY VAT WORKED OUT AT 20% AND THEN COLUMNS B, C, D, E DEDUCTED FROM RING PRICE I THINK
 

shg

MrExcel MVP
A​
B​
C​
D​
E​
F​
G​
1​
16.67%​
$ 17.50​
2​
Price
VAT
Assay
Cost
GP
3​
$ 100.00​
$ 16.67​
$ 17.50​
$ 36.00​
$ 29.83​
B3: =B$1*A3
4​
$ 150.00​
$ 25.00​
$ 17.50​
$ 42.00​
$ 65.50​
C3: =C$1
5​
E3: =A3-SUM(B3:D3)
 

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