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margin with commission as part of selling price

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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% margin

Answered by Penny Nom.
 
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