financial formula

[shank]

I need some equation help...
This is correct....

SP = Sell Price
C = Cost
GP = Gross Profit
GPP = Gross Profit Percentage

SP = 109
C = 77
GP = 32
GPP = 29%

(SP - C) / SP = GPP
(109 - 77) / 109 = 29%

....now, suppose you know the cost and GPP.
How do I find SP?

(x - 77) / x = 29%
How do I get x= ?????

My algebra days are long gone and never did like financials.
thanks

 

[Dana DeLouis]

(SP - C) / SP = GPP

How do I find SP?

Hi.

SP = C/(1 - GPP)