£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?
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Hi
The calculation for gross margin using your example would be:
(1050 / (100% - 65%)) = 3000
Hope this makes sense
The calculation for gross margin using your example would be:
(1050 / (100% - 65%)) = 3000
Hope this makes sense
1
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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
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
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