







Margin with commission as part of selling price 
20190213 

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% margin Answered by Penny Nom. 





Selling price and markup 
20170424 

From Julie: What would the cost of an item be, if the sell price was $50 and the markup 48% Answered by Penny Nom. 





What is our cost? 
20150127 

From Johanna: I have a pieces of 3/4" sch40 (round tube) 240" long at $70. What is our cost. We also add 35% to our cost for selling price. How do I figure this out? Answered by Penny Nom. 





What was the selling price? 
20140425 

From Con: Apple built 40 32GB wifi iPads, gave away two in a contest, and sold the rest at two times the manufacturing price. If the company's total profit was $10,782, what is the selling price of one of these iPads? Answered by Penny Nom. 





Determine the selling price 
20140308 

From augustine: knowing an auctioneer charges a 7% fee and I know I want $74,400 what is the formula to determine selling price. Answered by Penny Nom. 





Your profit should be 20% of your cost 
20130221 

From anis: if the customer says your profit should be 20% of your cost..
1) my selling value should be cost +20% of cost = SP
or
2)cost / 0.80 = SP which is correct...if the second answer is right how should i justify my customer Answered by Penny Nom. 





What was the cost price of the article? 
20111110 

From tashana: By selling an article for $320,the profit was 20% of the cost price.what was the cost price of the article. Answered by Penny Nom. 





Selling price, cost and profit 
20100622 

From Alex: The profit on a certain television set is 16.5% of the cost price. If the profit is $330,
Find:
a) the cost price
b)the selling price of the television Answered by Penny Nom. 





Calculating markup 
20090203 

From Tonya: I'm trying to figure out the formula for the following, I have a product that I want to receive a certain profit, 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 cut to be lowered. I have calculated the markup percentage to get my new selling price with the commission, but it lowers my cut once I pay the commission and I don't want it to do that. Thanks Answered by Penny Nom. 





The selling price 
20080904 

From Robert: Client wants to sell his property providing he is left with 100000.00$ net.
How do I calculate selling price if commission is 6% and taxes on the commission 6% Fed and 7.5%prov.
I'm taking the real estate class and this one really got me. Answered by Penny Nom. 





Calculating a price based on markup 
20080603 

From Sheldon: I know the most common form for retail businesses of calculating a price based on markup is:
Cost/(1  Markup), but how is this supposed to work for a business that desires a markup of over 100%. Answered by Harley Weston. 





Selling price 
20080510 

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. 





Actural cost, selling price and commission 
20080221 

From LiSa: I have a question about a few things if anyone can answer...
ex.
actual cost (AC) = $1000
selling price (SP) = $
amount earned for company (C) = 15% of... selling price?
commission 1 (C1) = 2.5%
commission 2 (C2) = 2.5%
How would you calculate how much the company's commission amount would be as well as the amounts for the other 2 that get 2.5%? And what would the selling price be? (the 15% $ + 2.5% $ + 2.5% $ ?)
Is the 2.5% taken from the original amount? I am soooo confused!
If anyone could help, that would be great! Answered by Harley Weston. 





Twenty dining tables 
20070813 

From priya: Utkarsh bought 20 dining tables for Rs 120000 and sold these at a profit equal to the S.P of 4 dining tables.Find the S.P of one dining table.(give the answer in statements) Answered by Stephen La Rocque. 





What is the cost price? 
20060414 

From Purushotham: If the selling price is 120 and the profit is 20%, what is the cost price? Answered by Stephen La Rocque. 





A house's selling price 
20021105 

From Tanisha: a CERTAIN REALESTATE AGENT RECEIVES $6 FOR EVERY $100 OF A HOUSE'S SELLING PRICE. HOW MUCH WAS A HOUSE SOLD FOR IF THE AGENT $10,725._ Answered by Penny Nom. 

