richiwatts
Board Regular
- Joined
- Aug 27, 2002
- Messages
- 131
What formula would I need to use to calculate profit margin here. I am getting confused when the VAT is included and not
A1 - Purchasing price (exl VAT) - 7.61
A2 - Selling price (inc. VAT) - 19.99
A3 - Commission paid on selling price incl vat - 15%
A4 - P&P (exl VAT) - 5.41
A5 - Profit = 4.36
A6 - Margin
If I am thinking correctly it would be (19.99/1.15) - 7.61 - 5.41 = 4.36
So what formula do I need for A5 and A6?
Thanks for your help
A1 - Purchasing price (exl VAT) - 7.61
A2 - Selling price (inc. VAT) - 19.99
A3 - Commission paid on selling price incl vat - 15%
A4 - P&P (exl VAT) - 5.41
A5 - Profit = 4.36
A6 - Margin
If I am thinking correctly it would be (19.99/1.15) - 7.61 - 5.41 = 4.36
So what formula do I need for A5 and A6?
Thanks for your help