Price Calculator

The selling price is found by adding the determined profit margin to the cost. Formula: Selling Price = Cost x (1 + Profit Margin / 100). For example, if a product with a $500 cost has a 40% profit margin, the selling price is $700.

Markup is calculated based on cost: Profit / Cost x 100. Margin is calculated based on selling price: Profit / Selling Price x 100. For example, a product bought for $500 and sold for $700 has a markup of 40% but a margin of approximately 28.6%.

For proper pricing, cost analysis, market research, competitive analysis, and target audience evaluation should be conducted. Adding a reasonable profit margin to costs is the basic approach, but market conditions, brand value, and customer perception should also be considered.