Good Morning!
I am working with a list of products to be sold on Ebay. The Ebay seller fee is 10% of the selling price and I would like to price products so that the minimum Gross Margin is 12%. Can anyone help with formula(s) to obtain the minimum selling price?

The known fields are product cost, shipping cost, gross margin %. The 2 unknown values are the Price and the subsequent Ebay fee, which is 10% of the selling price.

Ebay Price Calculator.JPG

Thanks very much.
Bob