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How do you get a retail price if you have the gross profit percent and cost?
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∙ 11y ago
Wiki User
∙ 11y ago
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Wiki User
∙ 11y agoAdd the profit margin (cost*profit%) to the cost.
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What is your cost price if your selling price is 580 and your gross profit percentage is thirty three and a third percent?
Selling price = cost price + gross profit 580 = cost*(1 + 331/3%) = cost*4/3 So cost = 580*3/4 = 435
What is the formula of profit?
Profit = retail price - manufacturing cost
How do you calculate selling price if you know cost and gross profit percentage?
Selling price = Cost of goods sold + Gross profit percentage on sales
How do you calculate the selling price if you know the cost and gross profit percentage?
Cost = Selling Price - Gross Profit By using this formula or method easily we can get the selling price of the product
How do you calculate cost if you know the Selling price and gross profit percentage?
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
If the retail price of an item is 21 and the retail gross profit margin is 33 percent what is the wholesale cost?
14
What is the gross margin percentage for a basketball if a store buys it for 2.50 and the retail price is marked 10.00 And the selling price is 7.50?
Gross Profit/Selling Price = Gross Margin (7.50 - 2.50)/7.50 = 66.6%
What mark up to make 12.5 percent gross profit?
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%
What is your cost price if your selling price is 580 and your gross profit percentage is thirty three and a third percent?
Selling price = cost price + gross profit 580 = cost*(1 + 331/3%) = cost*4/3 So cost = 580*3/4 = 435
What is the formula of profit?
Profit = retail price - manufacturing cost
What is the price if cost is 1515.08 and your gross margin is 22 percent?
Based on this scenario, the following will be true: Gross profit: $428.48 Revenue: $1,946.26 Mark up: 28.21%
How do you calculate selling price if you know cost and gross profit percentage?
Selling price = Cost of goods sold + Gross profit percentage on sales
How do you calculate the selling price if you know the cost and gross profit percentage?
Cost = Selling Price - Gross Profit By using this formula or method easily we can get the selling price of the product
Define net price?
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.
How do you calculate cost if you know the Selling price and gross profit percentage?
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
If James gross profit mark up is 25 percent then his margin on sales will be 20 percent.Yes Or No?
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.
What is the manufacturers suggested retail price for the most current iPod Shuffle?
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.
