Calculate Price, Profit, Gross Margin from Markup

Learn how to take unit cost and your set markup and calculate the sale price of an item, your profit, and what your gross margin is.

Angelo from Salem, Oregon (a Platinum Member) asks: How can I have Access markup my products by a set percent for each product. For example, if I buy a widget A for $10 and I want to mark it up 20%, the sale price should be $12. However widget B might cost $20 and I want to mark it up only 10%. Can Access do this automatically, or do I have to pull out my calculator every time I update pricing.

Members

Members will learn how to reverse the equation, and calculate the markup based on a set sale price. Both will be stored in the product table. We'll use VBA event programming on a ProductF form to run the calculations and store the updated pricing.

•  Extended Cut Video - Silver
•  Gold Member Template Download - Gold

Silver Members and up get access to view Extended Cut videos, when available. Gold Members can download the files from class plus get access to the Code Vault. If you're not a member, Join Today!

Links

• Calculated Query Fields: https://599cd.com/Calculated
• Vendor Price Updates: https://599cd.com/ImportChanges
• Access Developer 29: https://599cd.com/ACD29

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Keywords

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