Hi,

I would to automatically adjust the retail price on an item by inputting the
margin I would like to make on that product. Is there a formula that will let
me do this.


Thank You,

Try something like this:

A1: (the margin you want to earn)
A2: ItemNumber
B2: ItemCost

The retail price would be:
C2: =B2*(1+$A$1)

Example:
A1: 20%
A2: a1234
B2: $100
C2: =B2*(1+$A$1)
=$120

Is that something you can work with?
***********
Regards,
Ron

XL2002, WinXP


"Richard" wrote:

Hi,

I would to automatically adjust the retail price on an item by inputting the
margin I would like to make on that product. Is there a formula that will let
me do this.


Thank You,

a1:price
b1:margin (formatted as percentage)
c1: =A1*(1+b1)

HTH

"Richard" wrote:

Hi,

I would to automatically adjust the retail price on an item by inputting the
margin I would like to make on that product. Is there a formula that will let
me do this.


Thank You,

Hi,

This formula isn't giving me a margin. The result is a markup???

Richard

"Richard" wrote:

Hi,

I would to automatically adjust the retail price on an item by inputting the
margin I would like to make on that product. Is there a formula that will let
me do this.


Thank You,

Richard,

This will calculate the retail price based on the margin you input:

A1: Cost
B1: Margin
C1: =A1 + A1*B1

This will give you a price in C1 based on the margin you input. This will be
margin as a function of cost, obviously, not as a function of final retail
price.

Does this suit your needs?


"Richard" wrote:

Hi,

I would to automatically adjust the retail price on an item by inputting the
margin I would like to make on that product. Is there a formula that will let
me do this.


Thank You,

Hi Richard,

I am guessing a lot of people don't know the difference between markup and
margin. Assuming your cost is in A1 and your margin in B1, your formula for
retail price would be:
=A1/(1-B1)

-Simon

"Richard" wrote:

Hi,

I would to automatically adjust the retail price on an item by inputting the
margin I would like to make on that product. Is there a formula that will let
me do this.


Thank You,

Yes, that's it! You know what I'm talking about. Fantastic.

Thank You

"SiC" wrote:

Hi Richard,

I am guessing a lot of people don't know the difference between markup and
margin. Assuming your cost is in A1 and your margin in B1, your formula for
retail price would be:
=A1/(1-B1)

-Simon

"Richard" wrote:

Hi,

I would to automatically adjust the retail price on an item by inputting the
margin I would like to make on that product. Is there a formula that will let
me do this.


Thank You,