Home

Help with formula to add markups based on the cost of an item

Oscarkhathi
New Contributor
Hi Everyone, please help I need to workout margins to add to cost prices. I have a product list (7000 products) and I want to add margins/markups according to the cost value of the items. Eg. Anything less than 200 I want to add 40% to that value, Anything over 200 but less than 300 I want to add 30% and so forth. Your help will be much appreciated
3 Replies

Hi,

 

You may lookup your ranges and return related results as

=LOOKUP(A1,{0,200,300},{0.4,0.3,0.2})

Of course it's better not to hardcode values but use cell ranges.

 

Hi

I understand that you need to calculate the price or the cost after a specific percentage raise depending on a policy.

You can setup a table with the percentages and use something like VLookup function with the calculation formula to get the new price.

The VLookup formula may be like the following formula:

=VLOOKUP(A2,$I$6:$J$9,2)

I set up a sheet to help you apply this in your work domain.

You can find more about the VLookup function in the following link:

https://support.office.com/en-us/article/vlookup-function-0bbc8083-26fe-4963-8ab8-93a18ad188a1

:

 

Hi

I understand that you need to calculate the price or the cost after a specific percentage raise depending on a policy.

You can setup a table with the percentages and use something like VLookup function with the calculation formula to get the new price.

The VLookup formula may be like the following formula:

=VLOOKUP(A2,$I$6:$J$9,2)

I set up a sheet to help you apply this in your work domain.

You can find more about the VLookup function in the following link:

https://support.office.com/en-us/article/vlookup-function-0bbc8083-26fe-4963-8ab8-93a18ad188a1

: