Profit Margin Calculator: Determine Selling Price to Achieve Desired Profit Margin
Advice Corner
Profit Margin Calculator
Profit Margin Calculator
:This calculator can help you determine the selling price for your products to achieve a desired profit margin - especially useful for retail margin calculation. By entering the wholesale cost, and either the markup or gross margin percentage, we calculate the required selling price and gross margin. Enter up to 10 products and press the "view report" button for a printable version of the results.
Profit Margin Calculator - Definitions
The profit-retail margin calculator
helps businesses and retail stores effectively price their products and to understand the relationship between the mark-up over wholesale price and gross margin.
Product name - The name of the product for this entry line. This will appear on your printed report with your results.
Wholesale cost - Your total wholesale cost of the product that you are going to resell.
Markup percent - The percentage of your wholesale cost that the product's price is increased by to determine the selling price for your customers. For example, if you have a 50% markup on a product with a wholesale cost of $10, your selling price would be $15.00.
Selling price - This is the price you charge your customers. This amount is always calculated, based on either the entered gross margin percent or markup percent.
Gross margin dollars - This is the total gross margin, in dollars, for your product. For example, if you have a wholesale cost of $10 and a selling price of $15 dollars, your gross margin is $5.00.
Gross margin percent - This percentage is the gross profit for your product. For example, if you have a product that has a wholesale cost of $10 and a selling price of $15, your gross margin is 33.33%.
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