Need to write a formula that takes Standard Cost and a desired Gross Profit Percentage to determine a Price.
Remember, I don't have the Price in the following, but....
Gross Profit Percentage = ((Price - Standard Cost) / Price) * 100
So taking the above into consideration, if I have Gross Profit Percentage and Standard Cost how to I calculate Price?
I've been beating myself up on this one. Sure it's going to be one of those things I slap myself for later once you guys help, but thanks ahead of time. I'll be doing a cluster build this afternoon, but will be back later to check the thread.
Thanks!
Remember, I don't have the Price in the following, but....
Gross Profit Percentage = ((Price - Standard Cost) / Price) * 100
So taking the above into consideration, if I have Gross Profit Percentage and Standard Cost how to I calculate Price?
I've been beating myself up on this one. Sure it's going to be one of those things I slap myself for later once you guys help, but thanks ahead of time. I'll be doing a cluster build this afternoon, but will be back later to check the thread.
Thanks!
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