{"id":297,"date":"2020-02-21T16:50:41","date_gmt":"2020-02-21T16:50:41","guid":{"rendered":"https:\/\/aiicbusiness.org\/?page_id=297"},"modified":"2020-02-21T16:50:41","modified_gmt":"2020-02-21T16:50:41","slug":"profit-margin-calculator","status":"publish","type":"page","link":"https:\/\/aiicbusiness.org\/profit-margin-calculator\/","title":{"rendered":"Profit Margin Calculator"},"content":{"rendered":"

\n\t<\/h1>\n\t

These terms can help you determine the selling price for your products to achieve a desired profit margin.<\/h2>\n\t

Product name<\/h2>\n

The name of the product for this entry line. This will appear on your printed report with your results.<\/p>\n

 <\/p>\n

Wholesale cost<\/h2>\n

Your total wholesale cost of the product that you are going to resell.<\/p>\n

 <\/p>\n

Markup percent<\/h2>\n

The percentage of your wholesale cost that the product’s price is increased by to determine the selling price for your customers. For example, if you have a 50% markup on a product with a wholesale cost of $10, your selling price would be $15.00.<\/p>\n\t

Selling price<\/h2>\n

This is the price you charge your customers. This amount is always calculated, based on either the entered gross margin percent or markup percent.<\/p>\n

 <\/p>\n

Gross margin dollars<\/h2>\n

This is the total gross margin, in dollars, for your product. For example, if you have a wholesale cost of $10 and a selling price of $15 dollars, your gross margin is $5.00.<\/p>\n

 <\/p>\n

Gross margin percent<\/h2>\n

This percentage is the gross profit for your product. For example, if you have a product that has a wholesale cost of $10 and a selling price of $15, your gross margin is 33.33%.<\/p>\n\t

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Financial Education<\/h2>\n\t\t\t\n\t\t\t\t\t\t\tLearn More\n\t\t\t<\/a>\n","protected":false},"excerpt":{"rendered":"

These terms can help you determine the selling price for your products to achieve a desired profit margin. Product name The name of the product for this entry line. 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