Hi,
I would to automatically adjust the retail price on an item by inputting the
margin I would like to make on that product. Is there a formula that will let
me do this.
Thank You,
Hi,
I would to automatically adjust the retail price on an item by inputting the
margin I would like to make on that product. Is there a formula that will let
me do this.
Thank You,
Try something like this:
A1: (the margin you want to earn)
A2: ItemNumber
B2: ItemCost
The retail price would be:
C2: =B2*(1+$A$1)
Example:
A1: 20%
A2: a1234
B2: $100
C2: =B2*(1+$A$1)
=$120
Is that something you can work with?
***********
Regards,
Ron
XL2002, WinXP
"Richard" wrote:
> Hi,
>
> I would to automatically adjust the retail price on an item by inputting the
> margin I would like to make on that product. Is there a formula that will let
> me do this.
>
>
> Thank You,
a1:price
b1:margin (formatted as percentage)
c1: =A1*(1+b1)
HTH
"Richard" wrote:
> Hi,
>
> I would to automatically adjust the retail price on an item by inputting the
> margin I would like to make on that product. Is there a formula that will let
> me do this.
>
>
> Thank You,
Hi,
This formula isn't giving me a margin. The result is a markup???
Richard
"Richard" wrote:
> Hi,
>
> I would to automatically adjust the retail price on an item by inputting the
> margin I would like to make on that product. Is there a formula that will let
> me do this.
>
>
> Thank You,
Richard,
This will calculate the retail price based on the margin you input:
A1: Cost
B1: Margin
C1: =A1 + A1*B1
This will give you a price in C1 based on the margin you input. This will be
margin as a function of cost, obviously, not as a function of final retail
price.
Does this suit your needs?
"Richard" wrote:
> Hi,
>
> I would to automatically adjust the retail price on an item by inputting the
> margin I would like to make on that product. Is there a formula that will let
> me do this.
>
>
> Thank You,
Hi Richard,
I am guessing a lot of people don't know the difference between markup and
margin. Assuming your cost is in A1 and your margin in B1, your formula for
retail price would be:
=A1/(1-B1)
-Simon
"Richard" wrote:
> Hi,
>
> I would to automatically adjust the retail price on an item by inputting the
> margin I would like to make on that product. Is there a formula that will let
> me do this.
>
>
> Thank You,
Yes, that's it! You know what I'm talking about. Fantastic.
Thank You
"SiC" wrote:
> Hi Richard,
>
> I am guessing a lot of people don't know the difference between markup and
> margin. Assuming your cost is in A1 and your margin in B1, your formula for
> retail price would be:
> =A1/(1-B1)
>
> -Simon
>
> "Richard" wrote:
>
> > Hi,
> >
> > I would to automatically adjust the retail price on an item by inputting the
> > margin I would like to make on that product. Is there a formula that will let
> > me do this.
> >
> >
> > Thank You,
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