No and it you asked him for "a pint" he would serve you beer without you
mentioning it!
Look at his equation - it obviously a ratio calculation.
--
Bernard V Liengme
Microsoft Excel MVP
http://people.stfx.ca/bliengme
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"Gordon" <(E-Mail Removed)> wrote in message
news:%(E-Mail Removed)...
> "Bernard Liengme" <(E-Mail Removed)> wrote in message
> news:(E-Mail Removed)...
>> His formula amounts to (Sell price - Cost price)/Sell price
>> So it is the percentage of the Selling price that is profit, I would
>> think
>> But then I'm a chemist
>> best wishes
>
> The OP didn't mention GP PERCENT.........

[DonMiguel]

MONTHLY FINANCIAL FORMULA:

Target SP (selling price) = VC(viariable cost) + FC(fix cost)

Example:

IF: VC is (includes the Staff Salary, labour, electric, water, gas, venture Food & Beverages)


SP = VC ($100,000) + FC (RENT-$20,000, OWN SALARY-$20,000, TAX-$5,000)

SP = $100,000 + $45,000

Selling Price = $145,000 / MO.


To Get the TARGET Daily GPA(Gross Profit Ave.) :

GP = SP / (No. of Days / Mo.)

GP = $145 / 30 Days

Target GP = $4.83 / Day


* Now make a feasibility study on how you can reach your Daily GP Target.
Do you need to adjust on your EXPENSES?
Do you need to get NEW COMPETITIVE IDEAS to increase your MARKET?

Goodluck Focus, Be Resourceful, Get Ideas, Study, Act Act and Act,
Set & Accomplish your GOALS Everyday ! Make your DREAM a Reality!


-Don Miguel Zobel de Ayala
Successful Business Man (Net Profit 2Million / Year)
20% of my income goes for the Church, Poor and Less fortunate.

[SimpleBusiness man]

I think the formula you need is:
Cost/(1-GP%)=Sell
EG. Cost $2, GP 25%.
$2/(1-0.25)=$2.6666
or
$2/0.75=$2.6666 (a 25%GP)