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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:

  1. 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.

  2. 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.

  3. 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.

  4. 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.

Mission

At Forkto, we're on a mission to transform the way food businesses manage their operations. Our journey began with a vision to simplify compliance and enhance transparency in the food industry. With a blend of cutting-edge technology and industry expertise, we've created solutions that empower businesses to thrive while upholding the highest standards of quality and safety.

Established in 2022 by a team of passionate software developers, Forkto was founded with a clear purpose: to streamline HACCP and BRC compliance. Drawing insights from HACCP consultants and industry professionals, we set out to revolutionize how food businesses approach their day-to-day operations.

At the heart of Forkto lies our innovative software, meticulously crafted to address the unique challenges faced by food businesses. From inventory management to temperature monitoring, operational checks, and label creation, our platform offers a comprehensive suite of tools to simplify operations and ensure compliance.

We envision a future where trust and transparency define every aspect of the food chain. Through accessible technology and a commitment to sustainability, we're building a food industry that fosters accountability and empowers businesses to thrive.

Our mission is clear: to equip food businesses with innovative tools for comprehensive food safety and traceability. By providing accessible solutions and fostering a culture of continuous improvement, we're reshaping the landscape of the food industry one business at a time.