Stock Card: Percentage Profit Margin
A new feature has been added to Stock Card, which calculates the percentage profit margin for the current Root PLU.
The percentage profit margin is calculated as follows.
The percentage profit margin is calculated as follows.
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%
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