Reverse Formula Help!!

[graciegrey]

I need to reverse a formula for my list price to match our Gross Margin %. They all need to =65% GM.

Ex:
List Price: $267.87 (C4)
Landed: $44.21 (E4)
GM%: 83% (H4)

New List Price: ?
New GM%: 65%

Is there an excel formula that can make this easier for me to apply to all the other prices that need changed?

My boss just told me to play around with the list price until I can get to 65%. But I believe there's got to be an easier quicker way to get there with an excel formula. I'm Stumped.

 

[Joe4]

Welcome to the Board!

So, are you saying that you know the "Landed" amount (E4) and want H4 to be 65%, so what value does C4 need to be?
If so, then you can place this formula in C4 and copy down for all rows.

=E4/.35

 

[rlv01]

I need to reverse a formula for my list price to match our Gross Margin %. They all need to =65% GM.

What is the original un-reversed formula?

My boss just told me to play around with the list price until I can get to 65%.

Another option to do that is to use the Excel Goal-Seek feature ( under 'Data'->'What-If Analysis')

 

[SQUIDD]

what formula is currently in H4?

 

[Joe4]

What is the original un-reversed formula?

what formula is currently in H4?

Using a little mathematics (from the description of the problem), and the sample data they posted, it looks like the formula is something equivalent to:

=(C4-E4)/C4