How do I calculate profit as a % of Sales price

[bobnewmark]

I have all my costs (item, freight, storage, handeling, overhead) I want to
calculate profit as a % of the sales price. e.g. all my costs add up to $8.00
and I wan to make a 10% profit, what is my sales price? What formula do I use
to calculate this?

[Marcelo]

hi,

=totalcost/0.9

or 8/.9 = 8.88

hth
regards from Brazil
Marcelo

"bobnewmark" escreveu:

> I have all my costs (item, freight, storage, handeling, overhead) I want to
> calculate profit as a % of the sales price. e.g. all my costs add up to $8.00
> and I wan to make a 10% profit, what is my sales price? What formula do I use
> to calculate this?

[GregR]

or

=8*1.10

Marcelo wrote:
> hi,
>
> =totalcost/0.9
>
> or 8/.9 = 8.88
>
> hth
> regards from Brazil
> Marcelo
>
> "bobnewmark" escreveu:
>
> > I have all my costs (item, freight, storage, handeling, overhead) I want to
> > calculate profit as a % of the sales price. e.g. all my costs add up to $8.00
> > and I wan to make a 10% profit, what is my sales price? What formula do I use
> > to calculate this?

[paul]

this is where we have the discussion regarding MARGIN and MARKUP
They are not the same.
8/.9 is a 10%margin ( ten percent discount arrives back at the cost)
8*1.1 is a 10% markup...not the same as above
--
paul
[email protected]
remove nospam for email addy!



"GregR" wrote:

> or
>
> =8*1.10
>
> Marcelo wrote:
> > hi,
> >
> > =totalcost/0.9
> >
> > or 8/.9 = 8.88
> >
> > hth
> > regards from Brazil
> > Marcelo
> >
> > "bobnewmark" escreveu:
> >
> > > I have all my costs (item, freight, storage, handeling, overhead) I want to
> > > calculate profit as a % of the sales price. e.g. all my costs add up to $8.00
> > > and I wan to make a 10% profit, what is my sales price? What formula do I use
> > > to calculate this?
>
>