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Price markup to make a certain profit (not percentage)

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    Price markup to make a certain profit (not percentage)

    Hi folks

    I am wondering if there is a pricing formula that can calculate a selling price, based on a few things:
    • Supplier's Cost
    • eBay & PayPal Deductions (13.4% of selling price + 0.20)
    (without making a circular reference) that sets a profit value of a certain amount rather than a percentage)

    Example
    Cost Sell Deds Profit
    7.00 9.47 1.47 1.00

    In the example, I've put in the correct figures, the third cell (B3) is 13.4% of (B2) + 0.20,
    Cell (B4) is a simple calculation of (=B2-B1-B3)
    Is there a formula that I can put in (B2) so that it will always display 1.00 in cell (B4), regardless of the value of cell (B1)

    I've tried a few ideas & never got the correct outcome, does anyone have an idea

    Thanks!

  2. #2
    Forum Moderator alansidman's Avatar
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    Re: Price markup to make a certain profit (not percentage)

    Since you are referencing cell addresses that appear to be vertical and your picture is horizontal it is difficult to determine what you are trying to do. Suggest you attach a worksheet and explain what you want. I suspect that you will probably need to use the built in Solver, but until I see what you have, who knows.

    Attach a sample workbook. Make sure there is just enough data to demonstrate your need. Include a BEFORE sheet and an AFTER sheet in the workbook if needed to show the process you're trying to complete or automate. Make sure your desired results are shown, mock them up manually if necessary.

    Remember to desensitize the data.

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

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    Re: Price markup to make a certain profit (not percentage)

    Spreadsheet attached
    Attached Files Attached Files

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    Forum Expert newdoverman's Avatar
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    Re: Price markup to make a certain profit (not percentage)

    Turn on Iterative Calculation and enter this in b2

    Formula: copy to clipboard
    Please Login or Register  to view this content.
    Attached Files Attached Files
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    Re: Price markup to make a certain profit (not percentage)

    Quote Originally Posted by newdoverman View Post
    Turn on Iterative Calculation and enter this in b2

    Formula: copy to clipboard
    Please Login or Register  to view this content.

    That worked, superb =), thanks to you both for your time!

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    Forum Expert newdoverman's Avatar
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    Re: Price markup to make a certain profit (not percentage)

    Thank you for the feedback.

    If that takes care of your original question, please select Thread Tools from the menu link above and mark this thread as SOLVED. Thanks.

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