Hi,

If I want to use a set gross profit margin percentage, let's say for example 15% then how do I calculate the following:

Retail price less a 20% commission less the cost of the product = a 15% gross profit margin

In the example below, I know what the cost of the product is ($10.00) and I know the gross profit margin % I want to make is (15%) and I know what the commission percentage off of retail will be (20%). Gross profit margin percentage = (retail price - total cost (20% off of retail and cost of product)) / retail price

Cost of the product is $10.00. What do I make the retail price so that after the 20% commission on retail price and the $10.00 cost of the product is taken off, the gross profit margin equals 15% or some other desired gross profit margin percentage?

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