Caly
Board Regular
- Joined
- Jul 19, 2015
- Messages
- 161
- Office Version
- 365
- 2013
- 2011
- 2010
- 2007
- Platform
- Windows
Hello I have competition price and units sold compared to my current price and units sold
If I have to reduce my price to match competition price I am needing a formula to see the number of units needed to be sold to reviver the margin loss
Example
Cost is $10
Current price is $20 and my units sold is 5 so my margin is 50%, ext sales of $100 and margin dollars is $50
Competitors price is $15 and units sold is 20 so my the margin is 33.33%, sales volume of $300 and $100 margin dollars
If I lower to the $15 price hoping to increase sales I need to determine the number of units needed to sell to still make up the margin dollars
Is there a formula for that?
If I have to reduce my price to match competition price I am needing a formula to see the number of units needed to be sold to reviver the margin loss
Example
Cost is $10
Current price is $20 and my units sold is 5 so my margin is 50%, ext sales of $100 and margin dollars is $50
Competitors price is $15 and units sold is 20 so my the margin is 33.33%, sales volume of $300 and $100 margin dollars
If I lower to the $15 price hoping to increase sales I need to determine the number of units needed to sell to still make up the margin dollars
Is there a formula for that?