The ieRetail Pro calculator is a quick calculator for buyers and sellers that calculates GPs, Cost, Sell, margin, and markup on a product by product basis. In this regard, the calculator can work on a product basis and the user is able to change one variable and note the commensurate changes in all the other variables for that product. You can therefore use it to calculate sell prices, cost prices, profit margins in percentages or dollars, and you can do this for as many products as you like. You also have the ability to change tax (GST/VAT) rates so it is equally useful no matter what tax rate may be in effect.
The calculator can be used to answer:
- What margin will I make at this sell price based on this cost?
- What cost should I negotiate if I need to sell at this price and make this profit margin?
- What sell price must I set to make this margin at that cost?
- What is my GP% at these sell and cost prices?
- What margin reduction will I have if I reduce my selling price by x%?
- What does this GP% translate to in Dollar terms?
- How much money do I make at that cost and sell?
- How does GST change sell prices?
- If I rounded up/down my sell prices what does that do to my profit margins?
Products can be stored in a local database so you can keep track of many different costs and prices. This is useful if you want to save values for later reference.
