Profit Margin Calculator
The Profit Margin Calculator is an integral tool within the Forkto platform that helps you understand and manage the financials of your food business.
Purpose
The purpose of the Profit Margin Calculator is to calculate the selling price of a product based on the cost price and the desired profit margin. It is an essential tool for cafes, restaurants, and other food businesses that need to effectively price their products to ensure profitability.
How to Use
Follow these steps to use the Profit Margin Calculator:
Enter the Cost Price: This is the cost that you incur to make the product. It includes costs of ingredients, labor, and any other direct costs associated with the product. Enter the cost price in the ‘Cost Price’ field.
Enter the Desired Profit Margin: This is the percentage of the selling price that you want to make as profit. Enter your desired profit margin in the ‘Desired Profit Margin (%)’ field.
Calculate Selling Price: After you have entered the cost price and the desired profit margin, click on the ‘Calculate Selling Price’ button. The calculator will automatically compute the selling price that will give you the desired profit margin.
Selling Price: The calculated selling price will be displayed in the ‘Selling Price’ field. This is the price at which you should sell the product to achieve your desired profit margin.
This tool is read-only for auditors and available for all other user roles.
By using the Profit Margin Calculator, you can ensure your products are priced correctly and contribute to your business’s financial health.
