Desired GP Calculator
Desired GP Calculator Explained:
(a) What is this? This calculator tells you the selling price, Mark Up%, Margin $ using just the desired GP%
(b) What does this tell me? The selling price when just the desired GP%.
(c) Why should I use it? To determine what your selling price will be, simply by using the desired GP%. You might seek to change the GP% and therefore the selling price, but it will quickly determine whether or not the desired GP% is realistic given the competitive situation your business is in.
(d) Caution: Be careful not to confuse Mark Up% and GP%. Both are referred to as margin. Be sure you know what calculation is being referred to. Margin calculations always exclude GST/VAT. This calculator doesn't tell you to increase or decrease GP%'s, it simply tells you what they are. Any decisions you make are at your own risk.