+ Reply to Thread
Results 1 to 3 of 3

Profit/Expenses

  1. #1
    Registered User
    Join Date
    02-02-2019
    Location
    Texas, United States
    MS-Off Ver
    Newest One
    Posts
    2

    Profit/Expenses

    Hey guys, so I'm trying to figure out the best way to set this up. So I'm setting up an Excel document for a cell phone repair shop. I need to figure out revenue at certain sales numbers, payroll cost, profit, and profit margins. I have all four of those already figured out. But now I want to add in the price of one repair cost at different expenses. For example, lets say I have an iPhone 7 and 7 plus. If it costs me $10 for the iPhone 7 and $12 for the screens, I want to figure out how much I should charge the repair to achieve certain profit margins. Is there an easy way to set that up?

  2. #2
    Forum Moderator AliGW's Avatar
    Join Date
    08-10-2013
    Location
    Retired in Ipswich, Suffolk, but grew up in Sawley, Derbyshire (England)
    MS-Off Ver
    MS 365 Subscription Insider Beta Channel v. 2404 (Windows 11 22H2 64-bit)
    Posts
    80,934

    Re: Profit/Expenses

    Welcome to the forum!

    Will you please attach a sample Excel workbook? We are not able to work with or manipulate a picture of one and nobody wants to have to recreate your data from scratch.

    1. Make sure that your sample data are REPRESENTATIVE of your real data. The use of unrepresentative data is very frustrating and can lead to long delays in reaching a solution.

    2. Make sure that your desired results are also shown (mock up the results manually).

    3. Make sure that all confidential data is removed or replaced with dummy data first (e.g. names, addresses, E-mails, etc.).

    4. Try to avoid using merged cells as they cause lots of problems.

    Unfortunately the attachment icon doesn't work at the moment, so to attach an Excel file you have to do the following: just before posting, scroll down to Go Advanced and then scroll down to Manage Attachments. Now follow the instructions at the top of that screen.

    Please pay particular attention to point 2 (above): without an idea of your intended outcomes, it is often very difficult to offer appropriate advice.
    Ali


    Enthusiastic self-taught user of MS Excel who's always learning!
    Don't forget to say "thank you" in your thread to anyone who has offered you help.
    You can reward them by clicking on * Add Reputation below their user name on the left, if you wish.

    Forum Rules (updated August 2023): please read them here.

  3. #3
    Registered User
    Join Date
    02-02-2019
    Location
    Texas, United States
    MS-Off Ver
    Newest One
    Posts
    2

    Re: Profit/Expenses

    So the AVG profit is an estimate of the average profit I make per phone sale. So sale of phone repair - cost of phone part. I want to hone down by putting specific values for the cost of the phone part. I want to do that for every repair and then calculate from that data, which phone repairs I should push for the most. Also run simulations with dummy data on estimated sales. I can do it manually but I'm sure y'all know a way more efficient way of creatinng the data. It needs to be simple enough that if someone else looks at my data, they can kinda decipher what it means.
    Attached Files Attached Files

+ Reply to Thread

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Replies: 1
    Last Post: 02-24-2014, 01:46 PM
  2. Replies: 0
    Last Post: 01-21-2014, 12:04 PM
  3. 1. consecutive days of profit and of losses 2. biggest profit loss since date
    By xbohemianx in forum Excel Formulas & Functions
    Replies: 6
    Last Post: 05-14-2013, 12:57 PM
  4. [SOLVED] Expenses
    By stephaniex3 in forum Excel Formulas & Functions
    Replies: 2
    Last Post: 11-11-2012, 10:39 PM
  5. Progressive expenses
    By merl4 in forum Excel General
    Replies: 9
    Last Post: 05-16-2010, 01:17 PM
  6. [SOLVED] Pie Chart- Expenses
    By coal_miner in forum Excel Charting & Pivots
    Replies: 1
    Last Post: 06-09-2005, 12:01 PM
  7. [SOLVED] template 4 proj cost analysis (sales value - expenses=profit)
    By vidominum in forum Excel Programming / VBA / Macros
    Replies: 0
    Last Post: 06-08-2005, 11:05 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Search Engine Friendly URLs by vBSEO 3.6.0 RC 1