fearmhor18
New member
- Joined
- Sep 27, 2017
- Messages
- 4
Hi,
Looking for some help from some maths intellects as I cannot fathom how to do this.
I sell good online and I want to list items at a certain margin percentage.
Is it possible to use a formula to list at the correct selling price by setting a margin percentage. So the factors to consider in the formula would be below.
Cost Of Item - 5.11
Postage Cost - 2.2
PayPal Fixed Fee - .2
PayPal Fee % - 1.9% of final selling price
Ebay Fee % - 7% of final selling price
UK VAT - 20% - Final Selling Price *.166
The correct listing price for 20% margin should be around 13.8, however I have got this by just changing prices rather than using a formula to calculate the margin beforehand.
Thanks in advance if anyone can point me in the correct directions.
Looking for some help from some maths intellects as I cannot fathom how to do this.
I sell good online and I want to list items at a certain margin percentage.
Is it possible to use a formula to list at the correct selling price by setting a margin percentage. So the factors to consider in the formula would be below.
Cost Of Item - 5.11
Postage Cost - 2.2
PayPal Fixed Fee - .2
PayPal Fee % - 1.9% of final selling price
Ebay Fee % - 7% of final selling price
UK VAT - 20% - Final Selling Price *.166
The correct listing price for 20% margin should be around 13.8, however I have got this by just changing prices rather than using a formula to calculate the margin beforehand.
Thanks in advance if anyone can point me in the correct directions.