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This calculator can help you determine the selling price for your products to achieve a desired profit margin. By entering the cost, and either the markup or gross margin percentage, we calculate the required selling price and gross margin.
Definitions
Product name:
The name of the product for this entry line. This will appear on your printed report with your results.
Cost:
Your total cost of the product that you are going to resell.
Markup percent:
The percentage of your 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 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 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 cost of $10 and a selling price of $15, your gross margin is 33.33%.
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Information and interactive calculators are made available to you as self-help tools for
your independent use and are not intended to provide investment advice.
We can not and do not guarantee their applicability or accuracy in regards
to your individual circumstances. All examples are hypothetical and are for illustrative purposes.
We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
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