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GP %

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By *limBobStretchedPants OP   Man
over a year ago

Newcastle

If I know how much GP I want to make and I have the cost per unit how do I work out the selling price. I know I know this but I am having trouble calculating it grrrr any help please let me know cheers

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By (user no longer on site)
over a year ago


"If I know how much GP I want to make and I have the cost per unit how do I work out the selling price. I know I know this but I am having trouble calculating it grrrr any help please let me know cheers "

whatever your cost price is add on the gp% ...eg cost price £1.20 ..gp63% ..1.20+63% = £1.956..or £1.96

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By *limBobStretchedPants OP   Man
over a year ago

Newcastle

I knew that's what it was but my brain is mush right now lol can't think at all ha ha thank you x

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By *illwill69uMan
over a year ago

moston

Its easy multiply the cost price by the profit and cost %...

So if you want to make 25% profit multiply cost by 1.25, to make 50% by 1.5 to make 100% by 2, 300% profit by 4...

Hope that helps

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By (user no longer on site)
over a year ago

Better still, charge what the market will bear.

Use risk reversal to maximise profit.

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By *limBobStretchedPants OP   Man
over a year ago

Newcastle

Thanks for the help all. Having one of those days. Lol

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By (user no longer on site)
over a year ago


"Its easy multiply the cost price by the profit and cost %...

So if you want to make 25% profit multiply cost by 1.25, to make 50% by 1.5 to make 100% by 2, 300% profit by 4...

Hope that helps"

thats what i said ..to make 63% profit multiply cost by 1.63

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By *stwoCouple
over a year ago

anywhere

Hate to tell you that is not gp.what are you wanting go on?

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By *stwoCouple
over a year ago

anywhere

And is there vat involved

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By *illwill69uMan
over a year ago

moston


"Its easy multiply the cost price by the profit and cost %...

So if you want to make 25% profit multiply cost by 1.25, to make 50% by 1.5 to make 100% by 2, 300% profit by 4...

Hope that helps

thats what i said ..to make 63% profit multiply cost by 1.63 "

Actually you didnt...You said:

ADD on the gp% ...eg cost price £1.20 ..gp63% ..1.20+63% = £1.956

As the OP was asking how to work it out you failed by missing the point... He already know what he wanted to do just not how to do it, so for you to be correct you would have had to explain how to work out the % and then add it on to the cost...

Think you will find my way is easier LoL

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By (user no longer on site)
over a year ago


"Its easy multiply the cost price by the profit and cost %...

So if you want to make 25% profit multiply cost by 1.25, to make 50% by 1.5 to make 100% by 2, 300% profit by 4...

Hope that helps

thats what i said ..to make 63% profit multiply cost by 1.63

Actually you didnt...You said:

ADD on the gp% ...eg cost price £1.20 ..gp63% ..1.20+63% = £1.956

As the OP was asking how to work it out you failed by missing the point... He already know what he wanted to do just not how to do it, so for you to be correct you would have had to explain how to work out the % and then add it on to the cost...

Think you will find my way is easier LoL"

he already knew what gp he wanted to achieve,so didn't need to explain how to get it AND what his unit cost price was ...he just didn't know how to equate that to a selling price ...i have already PM the op to ensure he has taken ito consideration all material , overhead and labour costs as well as any VAT and manufacturing cost flutuations

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By *nnyMan
over a year ago

Glasgow

This is like two bald guys arguing over a comb.

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By (user no longer on site)
over a year ago


"This is like two bald guys arguing over a comb."

Onny - when you're right, you're right!

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By (user no longer on site)
over a year ago


"This is like two bald guys arguing over a comb."

i'm not arguing ...i just don't like someone correcting something that wasn't incorrect

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