Hi All,
I hope you're well. Thanks for swinging by my post. I'm a little stuck and hope someone can help me - it's driving me nuts.
For this example, I want to achieve a certain Return on Investment (ROI) based on my purchase price, AFTER fixed fees and commission and am trying to calculate the correct Selling Price:
Item Cost: £5
Fixed Sale Fee: £2
Commission Fee on Sale Price: 10%
So, if I sold the item for £15, this is the calculation for profit:
£15 Sell - £5 Cost - £2 Fixed - £1.50 Perc = £6.50 (30% ROI)
I'm trying to backwards engineer this, to find out what my sell price should be, based on a given ROI. For example:
?? Sell - Cost - Fixed - (% of Sell) = 30% ROI
How can I work out what the Sell should be?
Any help would be greatly appreciated. Thank you very much in advance and for taking the time to read my post.
Adam.
I hope you're well. Thanks for swinging by my post. I'm a little stuck and hope someone can help me - it's driving me nuts.
For this example, I want to achieve a certain Return on Investment (ROI) based on my purchase price, AFTER fixed fees and commission and am trying to calculate the correct Selling Price:
Item Cost: £5
Fixed Sale Fee: £2
Commission Fee on Sale Price: 10%
So, if I sold the item for £15, this is the calculation for profit:
£15 Sell - £5 Cost - £2 Fixed - £1.50 Perc = £6.50 (30% ROI)
I'm trying to backwards engineer this, to find out what my sell price should be, based on a given ROI. For example:
?? Sell - Cost - Fixed - (% of Sell) = 30% ROI
How can I work out what the Sell should be?
Any help would be greatly appreciated. Thank you very much in advance and for taking the time to read my post.
Adam.