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Thread: Function to calculate a markup

  1. #1
    Board Regular swaink's Avatar
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    Hi All I have a formula that I wish to convert to a function for other users to be able to use. The formula calculates what percentage markup is required to acheive a stated percentage profit. it would look something like
    "markup = cost / (100 - profit) * profit"

    Any ideads many thanks

    Kevin

    [ This Message was edited by: swaink on 2002-02-20 03:47 ]

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    Yes please help me, my question are the same as Kevin's.

    Regards,

    Pete

    On 2002-02-20 02:19, swaink wrote:
    Hi All I have a formula that I wish to convert to a function for other users to be able to use. The formula calculates what percentage markup is required to acheive a stated percentage profit. it would look something like
    "markup = cost / (100 - profit) * profit"

    Any ideads many thanks

    Kevin

    [ This Message was edited by: swaink on 2002-02-20 03:47 ]

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    =1 + a1/(1-a1)

    where a1 = % profit (e.g. 0.33 in a1 for 33% profit) yields 1.5 for a markup

    [ This Message was edited by: gvanbee on 2002-08-05 12:27 ]

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    If you want a 25% margin and Cost is $1.
    If cell A1 contains 1. Formula in B1 is =A1/(1-.25). You'll get 1.3333 (which is your selling price).

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    Thanks guys, this works great hope I can be of help someday. Cheers

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