Cost = $60

Margin is 40%

Result would be $84 in my estimation.


Gord Dibben Excel MVP

On Sat, 2 Jul 2005 16:14:01 -0700, "sdmccabe"
wrote:

I need a formula to produce a selling price when cost is known and desired
gross margin (on sales) is an input variable.

For example, cost equal $60, desired gross margin (percent) equals 40; the
result would be $100

Can you help a rookie?