Avg. price increase
How do I figure out what price increases to take on my various
products when I want the average come out to 6%? One of the items is going to take a 12% increase. Example: Item A Units Sold YTD 1256 Current Price is $15.40 New Selling Price will be $17.25 Item B Units Sold YTD 987 Current Price is $9.89 New Selling Price will be ?? Item C Units Sold YTD 1500 Current Price is $12.76 New Selling Price will be ?? etc. My average price increase can not exceed 6%, but I need to take 12% on Item A. How do I figure out what increase I can take on Items B, C, etc.? Thanks. Chip |
Avg. price increase
(12%+B%+C%+)/3<6% == B%+C% <6% now it's up to you to decide how to split the
price increase between two items lets say : B%=4% and C%=2% then new B price = $10.29 new C price=$13.01 " wrote: How do I figure out what price increases to take on my various products when I want the average come out to 6%? One of the items is going to take a 12% increase. Example: Item A Units Sold YTD 1256 Current Price is $15.40 New Selling Price will be $17.25 Item B Units Sold YTD 987 Current Price is $9.89 New Selling Price will be ?? Item C Units Sold YTD 1500 Current Price is $12.76 New Selling Price will be ?? etc. My average price increase can not exceed 6%, but I need to take 12% on Item A. How do I figure out what increase I can take on Items B, C, etc.? Thanks. Chip |
Avg. price increase
.... or did the OP want a weighted average?
-- David Biddulph "Harvey" wrote in message ... (12%+B%+C%+)/3<6% == B%+C% <6% now it's up to you to decide how to split the price increase between two items lets say : B%=4% and C%=2% then new B price = $10.29 new C price=$13.01 " wrote: How do I figure out what price increases to take on my various products when I want the average come out to 6%? One of the items is going to take a 12% increase. Example: Item A Units Sold YTD 1256 Current Price is $15.40 New Selling Price will be $17.25 Item B Units Sold YTD 987 Current Price is $9.89 New Selling Price will be ?? Item C Units Sold YTD 1500 Current Price is $12.76 New Selling Price will be ?? etc. My average price increase can not exceed 6%, but I need to take 12% on Item A. How do I figure out what increase I can take on Items B, C, etc.? Thanks. Chip |
Avg. price increase
Hi Chip,
But don't you need to know the number of sold items for each item, too? I would try something like this (cells A1:E6): Item Old_Price New_Price %Increase Sales A 100 =B2*(1+6%) =TEXT((C2-B2)/B2,"0.00%") & " Increase" 50 B 200 =B3*(1+6%) =TEXT((C3-B3)/B3,"0.00%") & " Increase" 40 C 1000 =B4*(1+6%) =TEXT((C4-B4)/B4,"0.00%") & " Increase" 30 D 10000 =B5*(1+6%) =TEXT((C5-B5)/B5,"0.00%") & " Increase" 10 Total =SUMPRODUCT(B2:B5,$E$2:$E$5) =SUMPRODUCT(C2:C5,$E$2:$E$5) =TEXT((C6-B6)/B6,"0.00%") & " Increase in total" You can overwrite C2:C5 and see the possible outcome instantly. HTH, Bernd |
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