If I know how much GP I want to make and I have the cost per unit how do I work out the selling price. I know I know this but I am having trouble calculating it grrrr any help please let me know cheers |
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By (user no longer on site)
over a year ago
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"If I know how much GP I want to make and I have the cost per unit how do I work out the selling price. I know I know this but I am having trouble calculating it grrrr any help please let me know cheers "
whatever your cost price is add on the gp% ...eg cost price £1.20 ..gp63% ..1.20+63% = £1.956..or £1.96 |
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By (user no longer on site)
over a year ago
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"Its easy multiply the cost price by the profit and cost %...
So if you want to make 25% profit multiply cost by 1.25, to make 50% by 1.5 to make 100% by 2, 300% profit by 4...
Hope that helps "
thats what i said ..to make 63% profit multiply cost by 1.63 |
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"Its easy multiply the cost price by the profit and cost %...
So if you want to make 25% profit multiply cost by 1.25, to make 50% by 1.5 to make 100% by 2, 300% profit by 4...
Hope that helps
thats what i said ..to make 63% profit multiply cost by 1.63 "
Actually you didnt...You said:
ADD on the gp% ...eg cost price £1.20 ..gp63% ..1.20+63% = £1.956
As the OP was asking how to work it out you failed by missing the point... He already know what he wanted to do just not how to do it, so for you to be correct you would have had to explain how to work out the % and then add it on to the cost...
Think you will find my way is easier LoL |
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By (user no longer on site)
over a year ago
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"Its easy multiply the cost price by the profit and cost %...
So if you want to make 25% profit multiply cost by 1.25, to make 50% by 1.5 to make 100% by 2, 300% profit by 4...
Hope that helps
thats what i said ..to make 63% profit multiply cost by 1.63
Actually you didnt...You said:
ADD on the gp% ...eg cost price £1.20 ..gp63% ..1.20+63% = £1.956
As the OP was asking how to work it out you failed by missing the point... He already know what he wanted to do just not how to do it, so for you to be correct you would have had to explain how to work out the % and then add it on to the cost...
Think you will find my way is easier LoL"
he already knew what gp he wanted to achieve,so didn't need to explain how to get it AND what his unit cost price was ...he just didn't know how to equate that to a selling price ...i have already PM the op to ensure he has taken ito consideration all material , overhead and labour costs as well as any VAT and manufacturing cost flutuations  |
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