If you are trying to figure out what price to sell something at, this is a detailed problem. It depends on what goes into the product that you are selling. If say, you run a store, and you buy items, then house them at your store until people come and buy them from you. Your costs are the cost of the item, plus labor (money paid to employees) plus Overhead (which includes rent, electricity, depreciation on equipment, property tax, advertising, telephone, interest on loans and a number of other costs).
So what you need to figure is how much you need to mark up items to cover the original cost of the item plus overhead, labor, and have some left over for profit.
The profit is the owner's reward for taking the risk of opening the store, signing a rental agreement, hiring the employees, buying the advertising, etc.
Some estimates need to be made as to how many you expect to sell at a particular price, in order to cover those costs and make a profit. There are entire books written on the subject.
cost price = selling price - profit
selling price 2783.40. 70% at cost price the answer is 2141.08
Cost price * markup + tax = selling price
Simple!just subtract your cost price from your selling price.
let the cost price =X sell price=cost +profit selling price=x+profit
cost price = selling price - profit
selling price 2783.40. 70% at cost price the answer is 2141.08
Cost price * markup + tax = selling price
Simple!just subtract your cost price from your selling price.
let the cost price =X sell price=cost +profit selling price=x+profit
gain 25%
you minus it
(selling price - direct cost)/selling price = direct margin
Cost = Selling Price - Gross Profit By using this formula or method easily we can get the selling price of the product
profit can be calculated from profit percentage and cost price.profit percentage=profit*100/cost price.profit=selling price-cost price
Fixed cost / (selling price - Variable cost per unit) --> Fixed cost ----------------------------------------------- (Selling Price - Variable Cost Per Unit)
Margin = (Selling Price - Cost) / Selling Price