What is it?
Profit margin calculator is an easy calculator that helps you to figure out your markups and profit margins. It also helps you determine selling prices for your products so that you can save money and increase your profits.
Why use it?
Need to develop an effective pricing strategy for your business? First, you’ll need to figure out your markups and profit margins. Shopify’s easy-to-use profit margin calculator can help you find a profitable selling price for your product.
How it works?
- Enter your gross cost for each item.
- Enter whatever percentage in profit you’d like to make on each sale.
- Click “calculate”.
- The tool will run those numbers through its profit margin formula to find the final price you should charge your customers.
Is it free or paid?
It’s completely free.
On what platforms it is available?
It’s a web tool. It can be accessed by typing in the url in any browser.