Math question

[Huntress]

Need to write a formula that takes Standard Cost and a desired Gross Profit Percentage to determine a Price.

Remember, I don't have the Price in the following, but....

Gross Profit Percentage = ((Price - Standard Cost) / Price) * 100

So taking the above into consideration, if I have Gross Profit Percentage and Standard Cost how to I calculate Price?

I've been beating myself up on this one. Sure it's going to be one of those things I slap myself for later once you guys help, but thanks ahead of time. I'll be doing a cluster build this afternoon, but will be back later to check the thread.

Thanks!

 

[icelazer]

price = (standard cost)/(1-(gross profit percentage/100))

 

[mAdMaLuDaWg]

Wow dude... why are they telling you to write a computer program when they obviously haven't been teaching elementary algebra!!?!?!?!