Excel Magic Trick 285: Markup On Sell Price Formula
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- เผยแพร่เมื่อ 15 มี.ค. 2009
- See how to calculate Sales Price given Cost and Markup On Sales Price.
Download Excel file: people.highline.edu/mgirvin/Y...
Sells Price = Cost/(1-Markup On Sales Price)
Base = Part1/Rate1
Base = Part2/Rate2
Base = Part1/(1-Rate2)
Base = Part2/(1-Rate1) - วิทยาศาสตร์และเทคโนโลยี
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You are welcome!
Hey man...u r doing a great job!!...have followed all ur previous 200 videos..and now i am seeing the next 200 videos and it simply rocks!!!...your teaching is simply surperb...keep up the good work..!!!
THank you so much.. it wasnt exactly what i was looking for but you did a great example and i was able to figure it out.
thank you so much life saver! your work is amazing thanks again
exactly what I was looking for, thanks!
Thank you so much exactly what i want
I am glad that the videos help! If you want to learn Excel in a more methodical way (instead of watching all the Magic Tricks), you can watch these two Playlists in order:
Excel Basics
Highline Excel Class
These two Playlist have most of the tricks that I know in a logical beginning-to-end order!!
To see how to get to the playlists, search for and watch this video title:
excelisfun Search for Excel Videos, Playlists & Download Workbooks
Very useful! Even in 2022
Thanks very much for this- this is what I have spent all day looking for
Hi there, congratulations and thanks for sharing it with us. Would you send me the link to download your formulas, please. I couldn't get it.
Thanks very much.
So what if the percentage needs to vary according to a specific price range? For instance: $0 - $149, 75% markup; $150 - $199, 65% markup; $200 - $299, 50% markup. Is there a way of calculating this with a formula?
Mind...blown.
great tut, thanks, none of your download links are active on your site though
It depends on whether you are doing markup on sell price or markup on cost:
markup on sell price = (sell price-cost)/sell price
markup on cost = (sell price-cost)/cost
I’m confused, can you explain what is the different in the markup on sell price and markup on cost and in which case would you use each formula . Is there a series that teaches building a pricing spreadsheet for selling and figuring out profit margin
Also you pressed F2 and backspace 4 time is that necessary or can you just plug in the $ sign.
@@MoThingsEmpire Video 41 in this class: th-cam.com/play/PLrRPvpgDmw0kMy6GdNvsecPSOP5Tc_ydL.html
Great video. Thanks for sharing this information.
You are welcome!!!
Dear Gravity43kg,
You are welcome!
--excelisfun
How do you take into consideration that some costs are fixed and some fluctuate from month to month. Do we use and average?
Dear PrincessWithSkills,
Do you see a Playlist for Cell References? I don't see one any more, even though I used to have one!?!?
--excelisfun
Good day sir. Please how can I calculate the cost of goods sold if I have different prices for one product, e.g one product has a carton price, a dozen price, quarter price, and unit price. will be happy if you can demonstrate that sir.
Dear Gravity43kg,
Maybe something like:
=IF(Acutal sales was > forecasted sales, display a figure, VLOOKUP function)
--excelisfun
Very Instructive, as always. Thank you!
I am using Markup Formulas in the same way but cannot figure out why I get a negative value if the Markup Percentage is Greater than 100%. Can you help??
Use his method on second formula but input formula =cost+(markup*cost) on your selected cell for both cost entries push f4 like he does and put $ on percent cell like he does and it will work
As an example I used the following =$B13+(C$12*$B13)
Very nice
thank you very much you are areak life saver but i couldnt find the link plz i need it
Can you send me a link to follow along on this video? I can't seem to find it?
Hi ! great tutorials .This is exactly what landed me on your page. Please help with the link to download the templete.
Download Excel file: people.highline.edu/mgirvin/TH-camExcelIsFun/EMT285-294.xls
What is mark up for income or sell and buy and number of items and mark up?
Anyone can told me how to add markup (not percentage) on certain value by using excel. Thanks
Please could you share link to workbook
Sir: If I may, is that 50% margin instead of markup?
can I have a link for this formula?
Hello i have a problem once I type in more than 100% profit rate = my sales price goes negative ? for example if i want a 120% profit margin the sales price goes negative ? why ? how can i solve this ?
Hi, Can anyone tell me how to do this on a calculator? I just need to understand it in my head the calculation. Thanks
How can I download the spreedsheet
I would like a formula that would do the opposite I would like a formula where I could enter my cost and my retail price and would give me the mark up as a percent
Can I get this format?
How you got 550$ SP out of 250$ CP for sofa? 275$x(50+100/100)=412,5$ not 550$!!!!!!!!
How can I make it go down the whole column with out haven to tap it for every roll
Question. If my cost is $10. I want to make a profit 40% on this item. Is it 10*40%= $4 = 10+4=14. or I should do $10/(1-40%) = $17?
It's the latter. The exact figure is $16.70 I think
Profit % = Profit/Cost Price × 100 but Net Profit Margin(%) = (Net Income/Revenue) x100 The difference is in the denominator and usually results in NPM reporting a lower figure.
In the example from the sheet where the formula used is Cost/(1-Markup on Selling Price) with 50% the actual percentage profit is 100%, 55% its 145% and 60% it is 167%.
Thank you!
how can we get cost price if we have only selling price and percentage of profit?
hope you reply soon
thanks
A little algebra will help: Let A be the (unknown) cost price, B the (known) selling price and C the known percentage profit.
Since Profit % = Profit/Cost Price × 100 and Profit = Selling price - Cost price we have C= (B-A)x 100/B multiplying both sides by B we have BxC = (B - A)x100 or BxC/100 = B-A
Solving for A gives A = B/(1+C/100) . Lets take an example Selling price (B) might be $120 and percentage profit (C) 20% applying the formula
A = 120/(1+20/100) = 120/1.2 = 100, as you would expect: a 20% profit on an item purchased for 100 gives a selling price of 120.
The formula for A above works for all selling prices and percentage profits.
Hey👋🏻 can you gave me a example of wastage
Can't locate the college uplink tab?
do you still have the template for this?
how to include this in the resume i did this in my previous organization
cant find the link
Could you please send me the EMT 385 Work Book
What? Im finding for the 50% of the number but you gave 200%
Wawawa Wawawa
I'm seeing 100% mark up on the selling price instead of 50%
@@dianedufrene7071 Correct but the 50% shown in the grid is markup on selling price not on cost price - it is the net profit margin which is another measure of profitability that always makes it look as if profits are lower.
Sir...sir... please don't stand too close to your mic
This is wrong, the 50% markup sale price is 412.5 dollars not 550 dollars.
this clip is full of mistakes, I recommend doublecheck the formula to calculate markups
As presented with the stated formula the clip is correct!
I'm only 11 years late to this but 50% markup 100 is not 200. Nobody caught this? LOL