Guys,
Does this work correctly or am I missing something? I would think that if you place a 10% profit margin on $300 you will get $330 however that is not what you get in ecabs. The higher the percentage the more out of wack the number becomes. Can someone please explain if it is broken or if I don't understand how it works.
Thanks,
Forrest
Profit margin %
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Forrest Chapman
- eCabinets Beta Tester
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- Joined: Mon, May 30 2005, 2:26PM
- Location: Anderson SC.
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Kerry Fullington
- Wizard Member
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- Company Name: Double E Cabinets
- Country: UNITED STATES
- Location: Amarillo, TX
Re: Profit margin %
Forrest,
eCabinets is calculating Profit Margin and not a Percentage Markup (even though the cost sheet still labels this a Percentage Markup.)
To calculate a 10% profit margin you would divide your $300 by .9, to get a 20% margin divide by .8, a 30% margin you would divide by .7 and so on.
Your 10% margin on $300 should be $33.34
Kerry
eCabinets is calculating Profit Margin and not a Percentage Markup (even though the cost sheet still labels this a Percentage Markup.)
To calculate a 10% profit margin you would divide your $300 by .9, to get a 20% margin divide by .8, a 30% margin you would divide by .7 and so on.
Your 10% margin on $300 should be $33.34
Kerry
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Forrest Chapman
- eCabinets Beta Tester
- Posts: 1254
- Joined: Mon, May 30 2005, 2:26PM
- Location: Anderson SC.
- Contact:
Re: Profit margin %
Thanks Kerry. I should have known it wasn't that simple.
Forrest
Forrest