SalesCalc for Android

11 things about SalesCalc

1. For retailers that use a traditional calculation, such as Keystoning, which is doubling cost to arrive at the selling price (100% IMU = 50% profit margin), this may or may not be adequate to be profitable, particularly after markdowns are taken.

2. - Markup also known as Cost-Plus-Markup or Markup by Cost is the difference between the selling price and the cost divided by the cost of goods sold expressed as a percent.

3. - Gross Margin is the percentage of the selling price that can be applied toward covering your operating costs and profit.

4. Basically, 20% gross profit margin means that for every dollar generated in sales, you have 20 cents left over to cover basic operating costs and profit.

5. - Cost of Goods Sold includes variable and fixed costs directly linked to the product, such as material and labor.

6. Larger gross margins are generally good for companies, with the exception of discount retailers which need to show that operation efficiency and financing allows them to operate with smaller margins.

7. SalesCalc gives you a few ways to price your products so that you can calculate your profitability using the method that best fits your business model.

8. - Markdowns or Discounts are used to generate sales and or clear inventory and are usually expressed as a percentage of the Original Price.

9. In reality, there are numerous examples of products that cannot be sold profitably, but need to be in the store to satisfy Customer needs.

10. SalesCalc puts a few of the most commonly used sales related calculations in the palm of your hand so the next time you are in deal making mode - reach out for SalesCalc and put together the best deal ever.

11. Therefore, other products need to be sold at higher MU%'s to cover the net losses of the products that lose money.