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Mark up formula

  1. #1
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    Mark up formula

    i need help with this problem if anyone is kind enough to assist me

    i have a project and i am making a spreadsheet for a make believe green grocers. i have a retail price and a whole sale price

    to work out the retail price i need to sue this forumula

    retail price = wholesaleprice + x% of wholesale price

    im stuck, what i have done is declared the percent value on the page, which can be changed at any time, how do i then substitue this value in to the formula (and most importantly, what is the formula!!!)

    thanks peeps, probs a really easy question but i am new to this :p

  2. #2
    Forum Expert NBVC's Avatar
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    something like:


    =A1+A1*B1

    where A1 houses wholesale price and B1 house percentage (represented as percent)
    Where there is a will there are many ways.

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  3. #3
    Forum Expert oldchippy's Avatar
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    A1 = wholesale price
    B1 = 10%
    C1 =A1+(A1*B1)
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  4. #4
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    when i declare my variable (x) do i have to declare it as just an integer or as a percent i.e

    mark up = 10
    mark up = 10%

  5. #5
    Forum Expert oldchippy's Avatar
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    As a percentage - try 10%

  6. #6
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    also i dont think that the forumal works as when i declare the mark up as 20% and wholesale as 20 and use your formula the retail comnes out as 2400%?

  7. #7
    Forum Expert NBVC's Avatar
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    You would either change the format of your percent cell to Percent or you incorporate the percentage in the formula...

    e.g. =X1+Y1*X1%

  8. #8
    Forum Expert oldchippy's Avatar
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    Format A1 - General
    Format B1 - Percentage
    Format C1 - General

  9. #9
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    Quote Originally Posted by oldchippy
    Format A1 - General
    Format B1 - Percentage
    Format C1 - General
    i have done that and it coems up with 2400% still

  10. #10
    Forum Expert oldchippy's Avatar
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    Try this one
    Attached Files Attached Files

  11. #11
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    wow thanks peeps, that really helped me out, nice one

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