Calculating Sale price from cost and Margin

[Mr T]

Hi all,
I need to calculate some sale prices based on original cost 24.9 and margin 85%. I know this is really simple but i am having a monday mental block

 

[Andrew Poulsom]

Is it 100/15 times original cost?

 

[Mr T]

Thank you this seems to be correct

 

[duplinguy]

Formula is Cost/(1-Pecent Margin).
In your example, 24.9/(1-.85) will give you a selling price of 166.

 

[Mattrixdesign]

=D11*(1+F11)

D11 = Cost Price
F11 = %

 

[capchica85]

This is the correct answer above:

Formula is:
Sell Price = Cost / (1- Margin %).
In your example, 24.9/(1-.85) will give you a selling price of 166.

Here is the excel function: =A2/(1-B2) where A2=cost and B2=margin% (in decimal form)

(isn't that a high margin Mr. T? you're lucky to be able to do that)

100/15 * cost is the same as 24.9 * 100/(100-85) which works but is complicated.

Sell Price = Cost * (1+ Margin %) does not work.

 

[CRUTHERFORD]

This is the correct answer above:

Formula is:
Sell Price = Cost / (1- Margin %).
In your example, 24.9/(1-.85) will give you a selling price of 166.

Here is the excel function: =A2/(1-B2) where A2=cost and B2=margin% (in decimal form)

(isn't that a high margin Mr. T? you're lucky to be able to do that)

100/15 * cost is the same as 24.9 * 100/(100-85) which works but is complicated.

Sell Price = Cost * (1+ Margin %) does not work.

I'm sorry but Sell Price = Cost * (1+ Margin %) DOES work and shows the correct value. For example:

£5 * (1+20%) = £6
20% of £5 = £1

 

[sheppyh]

I'm sorry but Sell Price = Cost * (1+ Margin %) DOES work and shows the correct value. For example:

£5 * (1+20%) = £6
20% of £5 = £1

You bloody better be sorry, because you're WRONG.

Thanks for wasting 15 mins of my time with your confusion.

This is profit % not margin %

 

[daregu]

Hi all,
I need to calculate some sale prices based on original cost 24.9 and margin 85%. I know this is really simple but i am having a monday mental block

I know I am late to this thread, but I stumbled across this post and I figured I'd put the correct information for anyone else looking. Margin % = (Cost-Retail)/Retail so if we wanted to calculate the Retail price of an item based off a margin given we would follow a formula =24.9/(1-.85) this would give you the sale price of $166. Now if you were in a retail company that insisted on everything ending in .*9 then you could build additionally onto this like such =(MROUND(24.9/(1-.85),.10)-0.01)