Question
Math Guru Needed Badly
Hello, I am really dumb at math equations so I need some
help... I need help with cost / markup and final price
calculations...
Say I have an Item that wholesales for $50.00 and my markup is 25% ... I know how to get my profit margin price by taking:
the equation is: cost/((100-margin)/100) = selling price
50.00/((100-25)/100) = $66.66666666 ...
Where i really run into problems is when my markup is over 100% then my equation goes down the crapper...
For instance: when I run the equation with a 125% markup I get -12.5 and this obviously cannot be correct... Sooooooooo... Does anyone out there have any clue how to solve this problem by using markups that are larger than 100%....
Thanks so much for anyone who can help, and those that try... :o)
Say I have an Item that wholesales for $50.00 and my markup is 25% ... I know how to get my profit margin price by taking:
the equation is: cost/((100-margin)/100) = selling price
50.00/((100-25)/100) = $66.66666666 ...
Where i really run into problems is when my markup is over 100% then my equation goes down the crapper...
For instance: when I run the equation with a 125% markup I get -12.5 and this obviously cannot be correct... Sooooooooo... Does anyone out there have any clue how to solve this problem by using markups that are larger than 100%....
Thanks so much for anyone who can help, and those that try... :o)
