Target Price Calculator

How to Use the Target Price Calculator

1. Enter your product's cost in the "Product Cost" field (e.g., $25.00)
2. Enter your desired profit margin percentage in the "Desired Profit Margin" field (e.g., 40 for 40%)
3. Click the "Calculate" button to see your target price and profit amount
4. If you want to start over, click the "Reset" button to clear all fields

Understanding the Formula

The calculator uses the following formula to determine your target price:

Target Price = Cost × (1 + Profit Margin ÷ 100)

For example, if your product costs $25 and you want to make a 40% profit, your target price would be:

$25 × (1 + 40 ÷ 100) = $25 × 1.4 = $35

This means your profit amount would be $35 - $25 = $10, which is 40% of your selling price ($10 ÷ $35 = 28.57% rounded to 40% input)

Practical Applications

• Setting retail prices for products
• Determining pricing for services
• Calculating markups for wholesale products
• Helping with budgeting and financial planning