This Question is Answered 
    Show me another

    Michch

    £1050 = Our Net Price. How Do I Calculate Selling Price If We Want 65% Margin?

    For example, if our selling price was £3000 our GM at 65% would be £1950 but how do I calculate it the other way around?

    asked 3 months ago

    Report

    Can't find what you're looking for?

    Ask a Question, Get an Answer ASAP


    Answers


    The-sage

    Hi

    The calculation for gross margin using your example would be:


    (1050 / (100% - 65%)) = 3000 

    Hope this makes sense

    answered 3 months ago   

    Add Comment
    View Comments [1]
    Report

    Hi The Sage
    That's great, what a numptee I am. So simply once you have the calculation in front of you. I obviously knew the 35% came into it somewhere but I just couldn't get the maths right! Many thanks

    comment made by Michch 3 months ago    Report

    Edit Comment

    New Comment

    1000 words left

      What is Blurtit ?

      Ask questions on any topic, get great answers from real people for FREE. Blurtit has hundreds of thousand of members so your sure to get the answer your looking for.

      Ask a Question.

        Ask the Community a Question