New Security Functions
Customers will now be able to specify the security level required to add or edit stock using stock card.
Information about software development at mode software.
Variables
CostPrice = 10.00
RetailPrice = 20.00
VATRate = 17.5%
Calculate BeforeVAT
BeforeVAT = RetailPrice / ( 1 + (VATRate/100))
BeforeVAT = 20.00 / ( 1 + (17.5/100))
BeforeVAT = 17.02128
Calculate Profit
Profit = BeforeVAT - CostPrice
Profit = 7.02128
Calculate Percentage Profit Margin
PerProfit = (Profit / BeforeVAT) * 100
PerProfit = (7.02128 / 17.02128) * 100
PerProfit = 0.4125 * 100
PerProfit = 41.25%