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 Topic: margin
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 Margin with commission as part of selling price 2019-02-13 From Anni:I need to find selling price to put us at 24% margin. 15% commission is based on selling price and is included in our cost. I'm trying to do it excel and keep getting a circular reference. Total cost= cost + commission (15% of selling price) Selling price=total cost + 24% marginAnswered by Penny Nom. Profit margin and markup 2018-01-18 From Oyewumi:Mr A sold a car to Mr B at 20% profit margin and Mr B sold the car to Mr C at 30% markup on cost. If Mr C got the car at \$x. 1. How much did Mr A buy the car in terms of x. 2. How much did Mr A buy the car if x is \$2800000Answered by Penny Nom. Markup 2014-03-17 From Lorriane:I work for a plumbing company and our new financial manager said we should mark up all parts we buy by 142.86 to get a 30% mark up, however if we buy something for \$100.00 we charge \$130.00 being 30%. If we use the other method the customers will be paying \$142.86 for \$100.00 and they still say that this is only 30% mark up. We have for years been taught percentages at school and also the Government charges us 15% GST which on \$100.00 would be \$15.00 so who is correct. Thank you for your wonderful website LorrianeAnswered by Chris Fisher and Penny Nom. Profit margin 2013-05-06 From Arron:I have the retail price of \$45.50. This price reflects a gross profit margin of 47%. How do I calculate the original cost of the item?Answered by Penny Nom. Percent profit: State exam question 2013-03-12 From tony:which is the correct way to figure 30% profit? 1) 1000 product 500 labor 50 permit 1550 total cost 1550x1.3=2015 2) 1000 product 500 labor 50 permit 1550 total cost 1-.3=.7 1550/.7=2214Answered by Harley Weston. state exam question 2013-03-12 From tony:which is the correct way to figure 30% profit? 1) 1000 product 500 labor 50 permit 1550 total cost 1550x1.3=2015 2) 1000 product 500 labor 50 permit 1550 total cost 1-.3=.7 1550/.7=2214Answered by Harley Weston. 40% margin 2011-03-07 From Blake:An item costs a store owner \$1.79 and he wants to make a 40% margin on the item. What should the item be sold at in order to get the 40% margin?Answered by Penny Nom. Profit as a percentage 2011-01-17 From Connie:I am trying to determine the profit margin on selected items. ex: A bottle of juice costs me \$.70, I sell it at \$3.75. How can I determine what my profit percentage is?Answered by Penny Nom. I want to make a 50% profit 2010-10-29 From Debbie:If my cost on an item is \$32.00 and I want to make a 50% profit- What would the retail be?Answered by Penny Nom. A 30% markup 2009-09-02 From Lisa:Ok i want to mark a products up 30%, I would take 5.00X3o%,but my boss does it another way I have yet to figure out he takes cost divided by 70% or something like that I am so lost can you help? PLEASEAnswered by Victoria West and Penny Nom. Markup and margin 2009-07-20 From Deanna:What is the difference between a margin percent and a point margin? For instance. A co-worker sells product. If the wholesale cost of said product is \$.20, she multiplies that by 1.7 to get her selling price of \$.34. To me, that is a 70% margin on the product (our company is making 70% on top of the purchased price). She considers it a 30 point margin, but to me it is 70%. Does that make sense? Any help? What is the difference between a point margin and a percentage?Answered by Harley Weston. Profit margin 2009-05-26 From andreya:what is the profit margin of a business that spends \$200 in order to make \$1000Answered by Penny Nom. A markup of 30% 2008-12-06 From Tammy:How can a markup of 30% be calculated by using 1.43 times the original cost? Where does the 1.43 come from? For example: the original cost is 830.00 the markup is 30 %. The selling cost is 1186.90. My boss uses 1.43 to figure the mark up for 30% and 1.23 for 25% and 1.1 for 10%. What I want to know is how do they come up with these figures?Answered by Stephen La Rocque. Selling price 2008-05-10 From Roxane:I'm trying to figure out the formula for the following, I have a product that I want to receive a certain profit margin, but with this product I also have to pay a percentage of commission to someone. I need to know how to calculate my new selling price taking into account the markup percentage, but I don't want my gross margin to be lowered. I have calculated the markup percentage to get my new selling price with the commission, but it lowers my profit margin once I pay the commission and I don't want it to do that.Answered by Penny Nom. Markup 2008-05-02 From Sussie:I sold an item for \$75.00 It cost me \$17.00 How do I calculate to come up with the Markup %?Answered by Penny Nom. Profit percentage (markup and margin) 2007-12-18 From Laura:If my husband says he sold \$11,000 worth of tools and made \$1400 on the deal, what is the percent of profit?Answered by Stephen La Rocque. Confidence level 2007-11-19 From Fara:It is common for public opinion polls to have a " confidence level" of 95%, meaning that there is a 0.95 probability that the poll results are accurate within the claimed margins of error. If six different organizations conduct independent polls, what is the probability that all six of them are accurate within the claimed margins of error? Does the results suggest that with a confidence level of 95%, we can expect that almost all polls will be within the claimed margin of error?Answered by Harley Weston. Our company charges a 4% margin 2007-11-13 From Nadja:Our company charges a 4% margin on top of a pay rate to obtain the total charge rate. A client is denying that the total charge rate is calculated in the following way: Pay rate/0.96 = Charge rate Please could you provide me with an explanation which I can pass on as to why it is calculated in this way?Answered by Penny Nom. Maximizing profits II 2007-10-05 From a student:Suppose there are three firms with the same demand function. The function is Q=1000-40P. Each firm also a a cost function. Firm 1: 4000+5Q, Firm 2: 3000+5Q, Firm 3: 3000+7Q. What price should each firm charge if it wants to maximize profits.Answered by Harley Weston. Find the sample size needed 2007-05-13 From Mini:Find the sample size needed to be 98% confident thata marketing survey on the proportion of shoppers who use the internet for holiday shopping is accurate within a margin of error of 0.02. Assume that the conditions for a binomial distribution are met, and that a current estimate for a sample proportion does not exist.Answered by Penny Nom. How to calculate margin of profit???? 2007-02-03 From A student:If cost price is Rs. 100/- and our selling price is 139/-. I want to know the gross profit & how much margin in this????Answered by Penny Nom. A margin of 19% 2007-02-01 From Ed:I PAY \$10.95 FOR THIS PRODUCT, HOW SHOULD I PRICE IT IN ORDER TO HAVE A MARGIN OF 19% COST.Answered by Penny Nom. Profit margin 2006-11-22 From Kris:I just started a new sales position and need to calculate profit margins based on my cost of a given product. For example I have a piece of equipment that costs me \$102,077.73. I need to figure a profit margin of 18% from cost to arrive at my sale price. What is the best way to do this?Answered by Penny Nom. Profit margin 2006-11-04 From Beverly:Our costs to make a product is \$73.00. We want to sell this product and make a 30 percent profit margin. What is the selling price? What is the simple formula to follow? Is there a chart we can go to that shows us these percentage of profit breakdownsAnswered by Penny Nom. Selling Price using Profit Margin 2006-10-29 From Chris:What is the selling price of my inventory, find using the profit margin? Inventory A costs \$2,300. The profit margin is 55% Inventory B cost is \$4,500. The profit margin is 210%.Answered by Penny Nom. Can you explain the differences between margin and mark up? 2006-06-07 From Michelle:I have a widget I buy for \$10. I want to make a 40% margin on the product cost. What do I then sell to the customer for? Also, can you explain the differences between margin and mark up? Answered by Penny Nom. Markup, profit and margin 2003-11-24 From Ali:I have question regarding Margins, Markups and Profit Purchase price = \$ 10.00 Margin or Markup ?? = 40 % Therefore Selling Price = 10/0.6 = \$ 16.67 Profit ? = (16.67-10)/10 *100 = 66.67% or is the profit = (16.67-10)/16.67*100 = 40 % Can you please clarify What is Margin, Markup and ProfitAnswered by Penny Nom. Profit margin 2003-09-03 From Chet: My salesman calculates a customers profit margin by dividing what the customer paid by what he sells for, then subtracting that answer from 1. For example a customer sells a product for \$15. He bought it for \$10. 15/10=.66 Subtract that from 1 and get a profit % of 33% Here's my question: If I want to figure what a reseller will sell a product for if he wants 40% margin(by the technique above), what formula do I use? Let's say I want to sell a product for 8.50, and I want the reseller to make 40% Answered by Penny Nom. Margin of error 2001-07-13 From Jim:If a survey was completed by four different groups of people as indicated below what would the over-all margin of error be for this survey given the fact that the number of people in each group were different? ``` Group # polled Margin of error A. 779 +/- 4% B. 315 +/- 7% C. 323 +/- 6% D. 254 +/- 9% ```Answered by Andrei Volodin. Marginal Propensity to Consume 2001-05-09 From Esther:The derivative of the national consumption function C = f(y) is called the ____________________. Answered by Judi McDonald.

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