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Cost of good sold (formula to work out how much to sell item for?)

  1. #1
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    Excel 2003
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    Cost of good sold (formula to work out how much to sell item for?)

    Hi there im trying to write a formula but cant for the life of me
    Its for a Cost of good sold chart.I have the all the fields for my cost & another one with a sum formula to add it up.

    I want to know how much to charge for my product. ( ie the cost of goods sold IE £10 is 20% of the full good sold ). Which means that i need to sell my product at £50 to make that 20%. ( i know this off by heart not by doing any formula)

    how would i write a formula that showed me how much i would need to see my goods for if i already knew the percentage (20%) & cost of goods. (£10)

    Thanks very much for your time.

  2. #2
    Forum Moderator davesexcel's Avatar
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    02-19-2006
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    Re: Cost of good sold (formula to work out how much to sell item for?)

    Attach a sample workbook. Make sure there is just enough data to make it clear what is needed. Include BEFORE/AFTER sheets if needed to show the process you're trying to complete or automate. Remember to desensitize the data.

    Click on GO ADVANCED and use the paperclip icon to open the upload window.

    View Pic

  3. #3
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    Re: Cost of good sold (formula to work out how much to sell item for?)

    Try: =10/0.2

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