Hi Guys/Gals,
I've done a little search but can't find an answer to my problem, so I'm hoping you good folk can enlighten me.
I'm expanding an eBay shop from just a few items to over 1000,
I would like to make 10% profit on each item I purchase from the wholesaler. If I buy something for £16.99 +VAT@20% = £20.39 my 10% profit will be £2.04.
When I sell through eBay I will incur several fees,
the first is the paypal transaction charge @ 3.4% plus a £0.20 service charge.
The second are eBay fees which are 8% of the final value plus £0.35 insertion fee.
If I sell something on ebay for £20, my total PayPal fee will come to £0.88, and my eBay fees will total £1.95, so both fees combined is £2.83. Leaving me with £17.17 in the bank.
Here's my problem, if I purchase from my wholesaler @ £20.39 inc VAT and I want a 10% return in profit what price do I need to list it at?
I hope all that makes sense to someone.
Thanks All
Martin
I've done a little search but can't find an answer to my problem, so I'm hoping you good folk can enlighten me.
I'm expanding an eBay shop from just a few items to over 1000,
I would like to make 10% profit on each item I purchase from the wholesaler. If I buy something for £16.99 +VAT@20% = £20.39 my 10% profit will be £2.04.
When I sell through eBay I will incur several fees,
the first is the paypal transaction charge @ 3.4% plus a £0.20 service charge.
The second are eBay fees which are 8% of the final value plus £0.35 insertion fee.
If I sell something on ebay for £20, my total PayPal fee will come to £0.88, and my eBay fees will total £1.95, so both fees combined is £2.83. Leaving me with £17.17 in the bank.
Here's my problem, if I purchase from my wholesaler @ £20.39 inc VAT and I want a 10% return in profit what price do I need to list it at?
I hope all that makes sense to someone.
Thanks All
Martin