Help with product margin increase

[rbsteve]

Hi all,

got one that has me frustrated

So I have a product that sells for £3, the cost is £1.26 giving me a profit margin of around 58%

I want to increase that margin by 10% to 68%.

Using my cost price and desired margin how can I generate the new sale price?

Appreciate any help.

Steve

[WideBoyDixon]

If B1 = cost price (£1.26), B2 = desired margin (68% = 0.68) then type the following into B3:

Please Login or Register  to view this content.

That will give you your selling price.

WBD

[rbsteve]

Thank you!