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I have set up unit cost of an item as USD 10,000 and profit/price calculation as price=cost+profit. On the profit percentage field i have put 30%. The system has shown unit price as USD 14,281 yet i was expecting 13,000. Can someone give an insight on this
(Price - Cost)/(Price) = Margin
In your example (13000 - 10000) / 13000 = 23%
(14,281 - 10,000) / 14,281 = 30%
The formula for the validation is like below:
"Price/Profit Calculation"::"Price=Cost+Profit":
if "Profit %" < 100 then begin
GetGLSetup;
"Unit Price" :=
Round(
("Unit Cost" / (1 - "Profit %" / 100)) *
(1 + CalcVAT),
GLSetup."Unit-Amount Rounding Precision");
So flesh that out with your values step by step:
"Unit Cost" = 10,000
1-30 / 100 = 0.7
VAT = 0
Rounding will be whatever. Resulting in this equation:
(10,000 / 0.7) * 1 = 14285.71429
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André Arnaud de Cal...
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