On Mar 1, 5:34 pm, "Alan" wrote:
Formula in C1 where A1 is Cost of Goods & B1 is Profit Margin.

=A1*(100+B1)/100

Or use this if you want to set the same profit margin for all goods:

=A1*(100+$B$1)/100

Regards,

Alan

"Spawnof" wrote in message

oups.com...

I am trying to calculate Gross Profit on a worksheet using the
following

column a : I enter cost of goods
column b: I enter required profit margin as percent
column c: excel calculates the sale price

Any help much appreciated

Actually this does not do what I want it to do Gross profit is not the
same as a percent the formula is. The formula for GP is:

profit / selling price * 100