Analyze your Gross Profit Margin
The perfect price for your product is an elusive value, so it’s essential to determine all the costs that go into it so you charge the best price. This is called your gross profit margin.
This calculator will help you measure your gross profit margin by subtracting the cost of producing your product from the amount you’re able to sell it for. If you offer multiple products you can see where you might be gaining the most, and from there select new merchandise more effectively.
The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results.