Does anyone know of a profit margin calculator that will help a poor salesman like myself?
Something that will take a product's cost add a specific margin and give you your selling price?
I would appreciate knowing of any available software for my Axim X5.
I just send a list of my products prices to Dewey, Cheatem & Howe (DCH), a CPA firm I found in my yahoo! Bulk Mail Folder.
They send me back a suggested selling price plus a s**t-load of documentation that keeps my firm's accounting department so flummoxed that they never bother me anymore.
I have no more paperwork hassels and I don't have to calculate any more numbers anymore!.........I HATE numbers!!! They make my head hurt and my eyes bleed.
All this for only 10 easy payments of $43.57! (per year)
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Upon someone's request several months ago, I made a simple app to do this. It was written in eVB for PPC2002, so if you are a WM2003 user you'd need the eVB Runtime from Microsoft's website.
__________________ Jordan M. Wigley
Aximsite.com
Email: jordan AT aximsite.com
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Originally posted by tedbarklage Does anyone know of a profit margin calculator that will help a poor salesman like myself?
Something that will take a product's cost add a specific margin and give you your selling price?
I would appreciate knowing of any available software for my Axim X5.
A simple Excel spreadsheet will do that:
In A1 put the cost.
In A2 put the margin (say 1.20 for 20%)
in A3 put =a1*a2
Yep. It's a very simple calculation, and could easily be done in Excel.
As I said, this was just an app that someone was wanting to simplify it a little more. I plan to eventually expand on the app to include more features, but I just don't have time to do much with it at the moment. It's being ported to .NET right now, but that's about the only update I've done to it.
__________________ Jordan M. Wigley
Aximsite.com
Email: jordan AT aximsite.com
.
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Originally posted by deftech Yep. It's a very simple calculation, and could easily be done in Excel.
As I said, this was just an app that someone was wanting to simplify it a little more. I plan to eventually expand on the app to include more features, but I just don't have time to do much with it at the moment. It's being ported to .NET right now, but that's about the only update I've done to it.
Personally I prefer to empower people by teaching them how to do it for themselves rather than rely on third party applications. So many people haven't got a clue about spreadsheets and how simple and amazingly useful they can be.
The suggested spreadsheet is a markup, not a profit margin calculator. If I have a cost of $100 dollars and I sell an item for $133.33. I have a profit of $33.33. This profit stated as a profit percentage of my selling price is a 25% Profit Margin.
I had a Palm app that would allow you to put in any two of the three elements (Cost, Profit Margin, Sell Price) and it would calculate the third. It is not as simple as you may think. I know Excell!
Originally posted by deaddred A simple Excel spreadsheet will do that:
In A1 put the cost.
In A2 put the margin (say 1.20 for 20%)
in A3 put =a1*a2
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.
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.
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?"
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