Calculating Price Based On Profit
Jun 26, 2012
I'm using a spread sheet to determine what I should charge customers. I want to make at least $300 profit on every job. If my profit is not at least $300 then I must up my price until profit reaches $300. Currently I'm manually adding a percentage (Factor) to the original price until I reach $300 profit. In the image below:
A is the original price
B is the factor by which I multiply the original price to increase it
C is the new figure which is reached after multiplying (1+B2)*A2
D is the costs related to that job (I enter these manually on a separate sheet within the workbook)
E if the profit (C-D)
I use a factor in B because when I increase the price, then I have to increase several parts of the job by the same percentage so I multiply each part by this factor to increase the price of each by the same percentage.
Now what I would like to do is if E2.
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Nov 29, 2012
I am looking for a formula which will calculate a sell price with 20% profit after taxes and costs. I need it to factor in a fixed shipping cost (eg £10), a 7.5% Amazon fee of the sell price, then 20% tax of the sell price. I currently have a formula which essentially does this but as I'm not good with Excel it requires me to input all the values every time which is not practical considering our large inventory.
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Jun 23, 2010
Is there an excel formula that can calculate a proposed selling price by entering a desired profit margin percentage and knowing the cost of goods sold?
I know that gross profit is calcualted by subtracting the cost of goods sold from the selling price and that the gross profit margin is calculated by dividing gross profit by the selling price..but not coming up with a way to back out a selling price by just knowing the cost of goods sold and entering a desire gross profit margin?
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Dec 14, 2012
In my spreadsheet, I have data for each sale in each row. Column C is the buy price, and column D is the sell price. I need column C to be subtracted from column D to get the profit into column E so that I can AutoSUM any cells in column E for total profit over any time period. The problem I'm having is that in columns C and D, I have either a dollar sign in front, or the letter m following without a space (ie $45.00 or 150m). Many cells in column C also contain another word following the buy price, and many cells in column D have a date following the sell price (ie $32.00 12/11 or 42m buyout).
Examples of how my spreadsheet looks:
A1: 12/13/12 B1: Item #1 C1: 100m D1: 152m
A2: 12/14/12 B2: Item #2 C2: $20.00 D2: $35.00
A3: 12/15/12 B3: Item #3 C3: 90m bid D3: 120m 12/16
So looking at my example above, I would need cell E1 to automatically show "52m", cell E2 "$15.00", and cell E3 "30m"
How I can get a formula for all of column E that will give me my profit for both $ and "m" for each item (row). I have tried the SUM function but just keep getting the #VALUE! error, it does not ignore the text like many people say it should.
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Jul 18, 2008
using Excel 2002 on XP.
My partner and I are selling products. He gets 5% of the sales price, then I get the rest. But I want to make at least $2 on every sale. So, let's say the item cost us $50. If he wants 5% off the top, and I want at least $2, how do we calculate what to sell it for?
I tried the following, but it didn't work:
$50 (cost)
+ $2 (my profit)
+ 5% (partner's profit)
------
$54.60 (sales price)
It doesn't work because I end up with $1.87.
$54.60 (sales price)
- 5% (partner's profit)
- 50 (cost)
------
$1.87 (my profit)
I've tried other things, but I always end up under $2. Is it possible to calculate this? or do I need to have a percentage for myself? If Excel can't do it, do you know of any calculators out there than can?
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Jun 15, 2014
I'm trying to design a Profit and Loss template that calculates off an accounting software data dump. I will attempt to explain the problem here but I have included a summary in the linked workbook which would be easier.
DOWNLOAD WORKBOOK: [URL]
I have two problems:
The Formula: Basically, I need to calculate every cell in the Profit and Loss statement based on the below criteria: The Profit and Loss item accounts, e.g. Gross Income has 6 accounts. There is a reference table for these - so incorporate index match/vlookup? User selected data from 4 combo boxes.
I am thinking a SUMIFS formula (using the combo box values) and somehow combining a vlookup to pull the items accounts. I'm starting to think that VBA is the best method?
Tweaking: The attached workbook is a small example. The full data dump contains 60,000 rows.
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Sep 5, 2012
I need J22 to multiply based on years in B22 AND increase 5% for each of those years (compounding) after two years (excludes year 1 from 5% increase). In addition the cell needs to remain blank if D22 is blank. B22 = 1, then the stockprice needs to remain the same, and only increase by 5% after year 1.
Currently...
B22 = a number of years indicated by the formula: =IF(A22="","",DATEDIF(A22,I3,"y"))
J22 =IF(ISNA(VLOOKUP(D22,stockprices,2,FALSE)),"",VLOOKUP(D22,stockprices,2,FALSE))
Example:
If J22 stockprice lookup is $1000.00, and the number of years listed in B22 is 6, then the reported value in J22 needs to be $1494.40.
Windows 7 Ultimate / Excel 2010
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Jun 9, 2008
I have calculated the implied volatility for different single options using the newton raphson method. But, I also need to calculate the implied volatility which minimizes the sum of squared differences between the observed market price and the model price for each day. I guess one needs to use vectors (jacobian matrix) to do this, but I do not know how to expand the code to be able to do this. Anyone have any idea how this can be done? I have attached the [code] I have used to calculate the implied volatility for one option.
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Apr 21, 2009
I`m relatively inexperienced with Excel, searched for a few days and have not been able to figure out how to calcuate this value. I have multiple worksheets to work out financials. I have a separate worksheet with the pricing breakdown based on volume. 2 columns
0 - 99,999 0.05
100,000 - 499,999 0.04
500,000 - 999,999 0.03
1,000,000+ 0.03
On a separate worksheet I want to add I6+I7, depending on the value multiply it by the value in the second column. So if the total is 520,000 then multiply it by 0.03.
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Sep 17, 2010
I am trying to figure out if something here is even possible. I have an order form and a price list. I get different pricing based on the quantity I purchase. I would like to have the price auto populate based on the quantity entered. The price will be on another sheet.
I couldn't find a lot of info but I also may not know where to look.
example:
if (b2<62) then price is ($sheet2.b2)
if (b2<124) then price is ($sheet2.c2)
if (b2<372) then price is ($sheet2.d2)
Is this even possible to put into a formula?
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Jan 1, 2008
Trying to create a Math formula that allows for Taking advantage of sale pricing.
In Excel the following:
Qty to Order (G3), Std Package(I3), Price per Unit(J3), Sale Price(K3), =
Extended Price(L3)
Example
2case X 40peices per case,1.00Reg Price,.90Sale Price = 72.00
Not quite sure how to handle the Sale price taking over regular pricing
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Jan 4, 2010
The analysis basically has 2 data components to it:
The 1st part, is a basic transaction list of shopping items bought through the year. Each transaction's shopping item also has the quantity of that item purchased at that time.
The 2nd part, is a pricing sheet for all the different types of shopping items. The pricing sheet has different prices for different quantities at which the item is purchased.
What I am trying to do is to find the relevant price for shopping item, which depends on not only what the item is, but also the quantity. In point form, it should follow the logic below:
1) Identify the item in the shopping list (worksheet 1) from the list of prices (worksheet 2)
2) Find quantity in the prices worksheet that is closest to the quantity in the shopping list (i.e. where the difference between the quantity on transaction list and the quantity on the pricing sheet is the least)
3) Pull the price for this "closest quantity"
I have uploaded a worksheet showing the structure of that data.
[url]
Is there some VB code I need to do this, or can it just be a few simple formulas?
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Jun 18, 2013
I have an issue when I use the sumproduct formula, it only sum the quantity and price orderly which is not matched
I have attache the file for example : Sale monthly.xlsx
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Jul 6, 2007
I'm a graphic designer and i'm trying to build a spreadsheet that will help me in doing my accounts.
Ok, so i'm trying to set up a function that will generate a price based on three fields:
Lamination:YES or NO
Duplex: YES or NO
Stock: Around 14 different stock options.
I had it working using a nested IF but I ran out of the 7.
I then tried using CONCATENATE using "&" to seperate but excel said the formula was too long.
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May 22, 2013
1 TO 10 25.00
11 TO 50 15.00
51 TO 100 9.00
101 TO 250 5.40
In this there is an area where it is cheaper to buy for example 12 instead of 10 and I am trying to work out a formula to deal with this funny step change down as people buy more.
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Apr 23, 2009
I am looking for a formula that can change the price of some of the items on sheet1 in column C by the amount found on Sheet2 in Column D. I would like it to base the calculation on column C in sheet2 (so I can choose if I want to add, subtract, multiply, divide, or make the price exact). I would like all prices that don't match these UPC codes to remain unchanged.
Intended Results can be seen on Sheet1 in Column E. Not sure if I should a formula with the Vlookup function or a macro, or maybe there is even a better solution.
Example spreadsheet may be viewed at http://spreadsheets.google.com/ccc?k...WLMyhNJLiPLTfA.
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Jan 18, 2014
I have a client where I have agreed to a variable price per hour depending on how many hours is used.
So the first 40 hours of a month costs X USD
The next 40 hours of a month costs Y USD
The next 40 hours of a month costs Z USD
The next 40 hours of a month costs Q USD
And all hours above 160 in a month costs T USD
All hours are registered as decimal with 15 minutes as a minimum, so 0.25, 0.5, 0.75, 1, 1.25 etc.
Now the challenge for me is to set up a formula calculating the total cost based on how many hours is registered each month.
I.e. if I register 46 hours in one month the first 40 hours should be multiplied by X and the last 6 hours by Y. And if I register 173 the calculation looks like this:
40 * X
40 * Y
40 * Z
40 * Q
33 * T
And I can't figure out how to make the formula calculate based on what is between the various intervals.
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Apr 17, 2014
I have actual date , then I have names of customer and I have product reference. And what I want to find out is the latest price COLUMN D for which this specific product was sold to specific customer (Data in rows E,F,G,H are from another tab). So basically I want is to find out that latest price of product x27 sold to customer A on 15.7.2013 was 70 because on 12.7.2013 we have sold it to customer A for 70.
A
B
C
D
E
F
G
H
[code]....
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Nov 22, 2007
I can't seem to get my head around this one. I have a list of ranges of prices for different materials depending on the quantity bought. I want a formula that returns the correct price depending on the quantity required.
Please see attached workbook. My desired results are in column S. I can't stop thinking that a nested IF statement is the solution so I was hoping for a fresh pair of eyes on it.
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Dec 9, 2011
I am trying to do a vlookup to 1 sheet based on customer number and return price. If no customer number than I want to do a vlookup based on dunnage number to return the price. This is what I have for a formula but it never returns a value if one is found in the first lookup.
=IFERROR(VLOOKUP(C4,'Dunnage Exception'!A:C,3,FALSE),IFERROR(VLOOKUP('Raw Data'!D4,'Dunnage Master'!A:C,3,FALSE),"0"))
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Jul 24, 2006
All data is located within one book. I have two sheets with material codes in each sheet which include pricing (existing and current)
Sheet1 (has existing material codes plus existing pricing) Has about 1200 lines
Sheet2 (has current material codes plus current pricing), has about 36000 lines
I need to cross check if the material code (taken from sheet1) are still available in sheet2, and if they are, copy the current price back to sheet1. The current price needs to be pasted back into sheet1 (next to the existing price). If the material code doesn't exist (for whatever reason, in sheet2), the program needs to move onto the next line and leave the current price for that material code blank. The program should finish once all the lines in sheet1 are completed. I have attached a sample of what I'm trying to do,
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Feb 12, 2010
I have have a large array of prices (across rows) and am looking for the closest price to match a price that I have been provided with. It's a basic benchmarking exercise on a row by row basis....and the price can be positive or negative. Is there a clean way to reference the closest price?
I have come across a fair amount of solutions, but none worked optimally - particularly the =INDEX(Data,MATCH(MIN(ABS(Data-Target)),ABS(Data-Target),0)) approach....it just didn't work for some lines, and only worked for values less than source price in other instances.
I would also like to reference the source on the next column.
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Mar 14, 2012
I'm trying to create a excel sheet which will automatically return a price based on a given width and drop value. Currently, I calculate the price manually by looking in a price book which has plenty of rows and columns and prices. I want to simplify this by simply entering the dimensions so it automatically calculates price based on the dimensions entered.
Below is the start of my worksheet. If I choose the exact sizes shown on the table, it will return a price, however if I choose a size that is not listed, I get an #N/A. Eg. If I choose 780 x 1500, it will return the price $179, but if I choose for instance 775 x 1490, it only returns #N/A, when I want it to still return the price $179.
My formula in K3 is
=IF(AND($I$3>0,$J$3>0),INDEX($A$3:$F$8,MATCh(J3,$A$3:$A$8,0),MATCH(I3,$A$3:$F$3,0)))
Sheet1ABCDEFGHIJK12ItemWidthHeightPrice
3mm6307809301080123019751821#N/A
49001581681791891992512001621741851952083615001661791912032167
18001701851972102228210017418920321623192400179193208224239102700
18520121823324911Excel 2010Worksheet FormulasCellFormulaK3=IF(AND($I$3>0,$J$3>0),INDEX($A$3:$F$8,MATCH(J3,$A$3:$A$8,0),MATCH(I3,$A$3:$F$3,0)))
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Mar 17, 2009
I am trying to do an if statement where I ask if the 2009 price is .50 or less away from the 2008 price, bring back "Check" See below:
2008 2009
$23.95 $24.15
Using excel 2007
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Mar 8, 2012
I'm using Excel 2010 on a Windows 7 machine.
I have one sheet with a large list of dates and total prices.
I have a second sheet with a list of dates and unit prices.
I want to divide the total price in my first list by the unit price on my second list.
I want to somehow point Excel to the date in the first list, and then lookup the corresponding date in the second list to use the correct unit price.
My thoughts thus far have been along using VLOOKUP with WEEKNUM and YEAR but I've been unsuccessful.
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Apr 21, 2009
In cell "C4" how would I write the formula to calcuate my precentage profit based on the given cost and sell pricing.
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Jul 20, 2007
I have a trading system spreadsheet that I am at a loss as to how to calculate the profit and loss.
I was unable to attach a sample of the spreadsheet. I hope this explanation works. If not, I could email it.
Where:
Market position is either 1 or -1
Entry price is the price where the position is reversed.
For example:
H3=1 and I3=100.56, then
H4=-1 and I4=100.88, then
H5=1 and I5=100.53
I need to calculate the profit as follows:
I4 - I3 (because market position of 1 expects the price to go up) and then,
I4 - I5 (because market position of -1 expects the price to go down)
I want to calculate this as a running total to the bottom of the column.
This is the formula I was working with, but it doesn't work:
=IF(OR($J4="",ISERROR(MATCH(-$J4,$J4:$J$55,0)),),"",$J4*(OFFSET($K4,MATCH (-$J4,$J4:$J$55,0)-1,)-$K4))
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Nov 28, 2008
Formula to get the Quarter number for the highest profit per Product, like in B16:F16.
The excersiser instracted us that it must be with one formula with no Macro, not User Defined Function and not openning additional colums.
I know how to find the qtr. Number - like for A2: =INT((MONTH(A2)+2)/3) but I am lost in finding how to combine the calculation for the Qtr and the most profitable Qtr. probably with MAX on SUM.
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Feb 11, 2007
I have a workbook that contains several worksheets. The 2 important sheets are Imports and Sales.
In reading the MS KB, the help screens and this forum, I found a way to create a pivot table from 2 sheets using Data>Pivot Table>Multiple Consolidation Ranges. While that PT will provide a basic inventory and profit picture, it only allows 4 selects.
When these products are imported there are several SKU's. What gums up the works is there are several vendors for the same SKU's. Each vendor has a different price. The selling price is constant so the profit made on each particular item varies.
I would like to be able to keep track of inventory by vendor as well as profit by vendor.
Using the Consolidation PT does not seem to work.
I also tried making one sheet to hold all the data. i.e. data showing imports and sales. However, each entry is driven by the date. So while item A was received on 1/1/07, it was not sold until 1/2/07. The necessary columns for imports are filled in while the columns for sales remain blank until it is their row entry indicating a particular sale. At which point all the columns regarding Imports are blank. I swear, looking at the data sheet with all those blanks (actually0's) is like looking at a mouth full of broken teeth. The resulting PT is also not attractive.
I can not imagine I am the first person to have this problem. How do others handle figuring inventory and profits when you have two sheets. Are Pivot Tables the wrong solution? What would be better?
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May 21, 2007
I have attached a chart I'm working on. Each item is assigned a part number and it automatically takes away from the inventory each time an item is sold. I was wondering if the bottom half could work with the top to determine profit.
Example:
Customer purchases Part # 3 (C15) Quantity 1 (D15) for $450 (E15). Is there any way to set it up so whatever part number they enter...it subtracts their sold price from the cost (C5 through C11) to show the profit in (F15).
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