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How do you compute a selling price if you know the cost and the required gross margin?

Accounting Margin Accountancy
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Question added by imran ali , General Accountant , All Care Medical Center
Date Posted: 2017/10/19
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Foday CEESAY
by Foday CEESAY , Senior Accountant , Gambia Milling Company (GMC)

Selling price will the cost plus the margin

Rizwan Ashraf
by Rizwan Ashraf , Senior Financial Analyst , FAWAZ GROUP

SP - cost = gross marginSP - $100 = 30% of SP1SP - $100 = 0.3SP1SP - 0.3SP = $1000.7 SP = $1000.7SP/0.7 = $100/0.7SP = $142.85.

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