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MHB Calculating Retail Price Based On Gross Profit Margin Percentage with commission
Brilliant! Thank you very much for your help, exactly what I needed!- sealsseals
- Post #5
- Forum: Set Theory, Logic, Probability, Statistics
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MHB Calculating Retail Price Based On Gross Profit Margin Percentage with commission
Thank you for the reply. Partially correct. First you must understand gross profit margin % in the context of this question which is retail price-cost/retail price, for example if the retail price is 15.00 and the cost is 5.00 then the gross profit margin % is 15-5/15=66%, this means that 66%...- sealsseals
- Post #3
- Forum: Set Theory, Logic, Probability, Statistics
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MHB Calculating Retail Price Based On Gross Profit Margin Percentage with commission
Hi, How do I calculate the retail price for the following scenario: Retail price less a 20% commission less the cost of the product = a 15% gross profit margin (Gross profit margin percentage = (retail price - total cost (20% off of retail and cost of product)) / retail price I know what the...- sealsseals
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- Margin
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- Forum: Set Theory, Logic, Probability, Statistics