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Originally posted by bigdave240
Actually that is not correct. The calculation is cost/profit margin ( 20%margin=.8) that would give you a price of $125. The proof of that is to take 20% of 125 and you would still have your $100 cost left. If you do it your way you get $120. Take 20% away($24) and now you are short.
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I was basing it on the original project design specification:
"Something that will take a product's cost add a specific margin and give you your selling price?"
Garbage in, garbage out :-)