Show me the way to calculate % margin of a product.
Show me the way to calculate % margin of a product.
The margin on a product is always calculated
On the SALE PRICE.
Say the sale price is $100.00
If you need to make a $40.00 margin.
This is 40%.
Do not confuse margin with mark up.
Mark up is always calculated on the COST PRICE.
There is a definite mathematical relationship
Between cost price and selling price .
If I sold a product for $7.50 and it cost me $6.46 what is my % margin?
1) sale = 7.50
2) cost = 6.46
3) margin = 1.04
4) margin % = (1.04)/(7.50) * 100 = 13.86%
To calculate margin you have to use formula:
cost/ 100 - (xx% of margin) x 100= price
For example:
Purchase price =100
margin you want to add = 30%
So 100 / 70 x 100 = 142.85
142.83 is your final price
then you will not get mixed up with giving a discount! Many people get that wrong!
Try to just add 30% to 100 you will get 130 and then take away 30% from 130 hoe much will you get? 91!!
try the same with 142.83 and you will get 99.981
Easy !
Whether this is a product or a service you must total all your costs. Subtract that from your selling price = margin (profit).
Stringer
Please assist with VAT calculation, mark-up and margins
Standard VAT rate of 14%
VAT exclusive cost of Black&Decker Drill 2 104.00
VAT on the cost of Black&Decker Drill??
VAT in inclusive cost of Black&Decker Drill??
Mark-up % on cost price 60%
VAT exclusive selling price of Black&Decker??
VAT on the selling price of Black&Decker??
VAT inclusive selling price of Black&Decker??
Gross profit earned per Black&Decker sold??
Gross margin attained (as a percentage)??
Thank you
I need to calculate margin on following
Selling price - 43.65, one unit normally sells at 3.27 - 18 units in case
New cost price - 23.99
18 units in a case
Want to sell every unit at 2 euro
Need to know how to calculate percentage margin
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