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Know your cost and the margin you want? This calculator gives you the price to put on the shelf, before and after tax.
With a target margin: price = cost / (1 - margin). With a target markup: price = cost x (1 + markup). Tax is then added on top at the rate you choose.
Example: cost 80, target margin 20%, tax 15%. Price before tax = 80 / 0.8 = 100, tax = 15, price with tax = 115, and your profit per unit is 20.
Use it to:
With price tracking on, Up Stock remembers the cost and selling price of every purchase and sale, so profit reports reflect the prices you actually charged.
Either works if you are consistent. Margin is easier to compare with your overall profit; markup is quicker to apply at the counter.
No. Tax collected belongs to the government. Calculate margin on the price before tax.
Usually yes, to a price customers find easy, such as ending in 9 or 5. Round up when you can, so the margin stays at or above your target.
The landed cost: purchase price plus freight, duty and fees, divided by the units received.
Cost, price, markup and margin from any two
Add tax to a price or take it out
Freight, duty and fees spread across every item