Algebra

[Guest]

Hello,

Maybe I'm missing something but I am having a bit of trouble using excel
to solve an equation...

The Algebra is : GP = (P - C) / P

I know GP and I know C. I need to solve for P

GP is gross profit %
P is Price
C is Cost.

Anyone help me on this? Just drawing a blank...

Thanks,
Ernst.

 

[Guest]

From one among the algebraically challenged masses:

P = -C/(GP-1) ?

 

[Roger Govier]

Hi

Or even
P= C / (1-GP)
as it seems a little more intuitive than working with the concept of
negative Cost.

Regards

Roger Govier

 

[Jerry W. Lewis]

Excel is not an algebraic manipulator. You can do the algebra yourself
(two equivalent solutions already posted) or you can use Solver to
numerically approximate the solution (which might be needed with more
complicated problems).

Jerry

 

[Guest]

Thanks... Works great...

Ernst.

Hi

Or even
P= C / (1-GP)
as it seems a little more intuitive than working with the concept of
negative Cost.

Regards

Roger Govier