Forumula to calculate cost price ?

Hi Guys

I am manufacturing a small product. Retailers want to make 100% markup on it.

What would a formal be that would calculate what my selling price should be ?

Eg suggested retail $ 8.95, markup 100% = cost price.

I know the answer should be $ 4.77, but I need to play with various retails prices etc

Kind Regards

Digby
NZ

price = cost * (1 + markup)

cost = price / (1 + markup)

markup = price / cost - 1

G'day All

Just logged in and saw this thread.

As a retailer know the cost, sell and margin is important.

For me to understand it the first time I did a spreadsheet.

See attached

Hope you like it

Cheers

ratcat

=sum(cell+cell)*other cell=answer