Use this simple Gross Profit Retail Margin calculator to work out your margins.
MFP BusiCalc Retail Margin Calculator
This online potential Gross Profit calculator (or First Margin) provides you with many "what if" scenarios in relation to your cost price and sell price. Click on the MFP logo and you will see the various calculations that you can do. There is a help box that steps you through the numbers. Click on the image above for a full screen view.
The potential Gross Profit is a most important Key Performance Indicator (KPI) in your retail business. All staff must know and understand these numbers. You can not only use this online but also purchase the Gross Profit Calculator plus the product Range Planner as detailed below to have a retail tool on your computer desktop.
The Gross Profit Calculator comes with 8 options for you to test and understand Gross Profit on each product that you are selling. A friendly Help button is available for your use.
MFP Busicalc Range Planner
The Range Planner enables you to build the product range which includes colour and size ratios and for the first time, the ability to import a photo of your product so that you can build a story board or family tree of your product offer. You can also use the colour and size matrix for other product combinations other than colour and size. The Range Planner allows data capture of actual sales and stock for easy recording of sell through rates for all colours or if you prefer just click on the Detail Sell Rate button and you can record sales by week by colour (click on the screen shot image below) and let the Range Planner provide you with your stock levels and rate of sales.
The Range Planner can now be printed for your records to assist you in building an ongoing winning sustainable product offer.
Just click on the link above if you would like to purchase this exciting retail management tool for your business. Remember a "picture is worth a thousand words" and this will be a constant reminder and historical record of your buying, product selection and the performance. This is a great medium to review with your team and also suppliers at SKU level.
Just fill in each week or month your actual sales from your Point of Sale reports. MFP Busicalc Range Planner will calculate your sell through rate by colour and calculate the stock on hand based on your order quantity.
Click here to purchase the GP Calculator plus Range Planner - $29 AUD inc GST