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Add the profit margin (cost*profit%) to the cost.

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Add the profit margin (cost*profit%) to the cost.

Q: How do you get a retail price if you have the gross profit percent and cost?

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Selling price = cost price + gross profit 580 = cost*(1 + 331/3%) = cost*4/3 So cost = 580*3/4 = 435

Profit = retail price - manufacturing cost

Selling price = Cost of goods sold + Gross profit percentage on sales

Cost = Selling Price - Gross Profit By using this formula or method easily we can get the selling price of the product

Selling Price times (1 - Gross Profit % as a decimal) So, if your selling price is $20 and your gross profit is 30%: 20 x (1 - .3) = 20 x .7 = $14

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Gross Profit/Selling Price = Gross Margin (7.50 - 2.50)/7.50 = 66.6%

If your Gross Profit is 12.5% of Selling Price, that means your Cost of Goods Sold is 87.5% of Selling Price. 1/.875 = 1.143 So you need a 14.3% markup to achieve a 12.5% Gross Profit. Example: Cost = $100 Selling Price = $100 x 1.143 = $114.30 Gross Profit = $114.30 - $100.00 = $14.30 14.30/114.30 = 12.5%

Selling price = cost price + gross profit 580 = cost*(1 + 331/3%) = cost*4/3 So cost = 580*3/4 = 435

Profit = retail price - manufacturing cost

Based on this scenario, the following will be true: Gross profit: $428.48 Revenue: $1,946.26 Mark up: 28.21%

Selling price = Cost of goods sold + Gross profit percentage on sales

Cost = Selling Price - Gross Profit By using this formula or method easily we can get the selling price of the product

The net price of an object is the actual cost the store pays for the object they are selling. The selling price is the retail sale price. For example: I may buy a CD for $3.20 delivered to my door. That is the net price of that item. I will sell the $6.00. That is the retail price. The difference is gross profit. Net profit takes into account the internal costs of selling. This includes rent, power and labor.

Selling Price times (1 - Gross Profit % as a decimal) So, if your selling price is $20 and your gross profit is 30%: 20 x (1 - .3) = 20 x .7 = $14

No, gross profit and markup are two different things. Gross profit is expressed as a percentage of the sales price, and markup is expressed as a percentage of the cost. For example the Gross Profit on something that costs $100 that is being sold for $143 is 30% GP. The markup on that same item is 43%. Bottom line, you can't have a "gross profit markup". There's a Gross Profile Margin, and a Markup.

The manufacturers suggested retail price of the most current ipod shuffle is $120. Usually stores increase price to make their own profit. The price increases about 20 percent depending on the store.