How can I calculate price based on a GP%?

  • Thread starter Thread starter Les
  • Start date Start date
L

Les

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I know that I can determine what my Gross Profit Percentage is using the formula: (price-cost)/price...but what if I only have the cost and want to figure out what price to charge in order to make say 25% Gross Profit?

I can not figure this out short of guessing until I get close....is there not some formula I could use?
 
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