I am trying to make a formula that allows me to calculate gross product vs price
COST MSRP GP % DISCOUNT LEVEL 1 DL1 GP %
$20 30 50% $25 25%
I want to set up columns where I would be able to input a discounted price and it gives me the GP % and if I enter a GP % it gives me a discounted price without having four columns.
Also I want it easy to change across a variety of products.
I know to get GP % it is: (price of sale-cost)/price of sale
to get a cost from GP % it is: cost/(1- gp%) = price of sale
I want to make it so in two columns I can enter either a percent or a dollar value in it outputs the opposite number. This way I can go back and forth between the gp% and price and figure out the other number at the same time.
I have not been able to find a specific answer to have this capability in excel.
Mike
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