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How to calculate final sale price

  1. #1
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    Question How to calculate final sale price

    I need a formula to calculate the price I need to charge for my product in order to net a specific amount.

    I want to be able to enter the amount I want to net where I know the percent that my charge card company is charging to process the transaction.

    Example: I want to net $90.00 on the sale. What should I set the sale price at if the processing company is charging 3.5% plus .15 cents per transaction?

    Any help would be greatly appreciated.

    Anthony

  2. #2
    Forum Guru MarvinP's Avatar
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    Re: How to calculate final sale price

    Hi,

    This seems like a little algebra problem X minus .035X minus .15 = 90 ==>> .965X = 90.15 ==>> 90.15 / .965 = 93.42
    One test is worth a thousand opinions.
    Click the * Add Reputation below to say thanks.

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