Hello,
New to the forum but needed some help putting together a formula if possible.
I want to be able to input a cost price with the end result giving me a sales price that guarantees a £1.00 profit. The cost price would be the only figure I have. The gross sales fee should include a 15% Fee and VAT of 20%.
E.g Sales price £14.05
Cost Price £8.13
VAT at 20 % £2.81
Fee 15% £2.11
Profit £1.00
Many thanks in advance.
New to the forum but needed some help putting together a formula if possible.
I want to be able to input a cost price with the end result giving me a sales price that guarantees a £1.00 profit. The cost price would be the only figure I have. The gross sales fee should include a 15% Fee and VAT of 20%.
E.g Sales price £14.05
Cost Price £8.13
VAT at 20 % £2.81
Fee 15% £2.11
Profit £1.00
Many thanks in advance.