Create a Gross Profit Margin Calculator in Microsoft Excel
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Create a Gross Profit Margin Calculator in Microsoft Excel

Learn how to maximise on profits and set retail prices. Understand Gross Profit & Net Profit for a better business
3.7 (19 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
1,395 students enrolled
Created by Paul Gallagher
Last updated 9/2016
English
Price: Free
Includes:
  • 33 mins on-demand video
  • 3 Articles
  • 2 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Be confident at choosing the right products, setting prices and making profits
  • Create an Excel spread sheet that will enable you to accurately calculate your Gross Profit Margins
  • By doing this course you will become confident in your pricing and be able to identify what products will deliver you the best returns.
  • Learning how to set your retail prices correctly based on the cost and the Gross Profit Margin will give you the best advantage to make the most profit off of your sales.
  • On completion of this course you will have the knowledge and the skills to create a Gross Profit Calculator using Microsoft Excel.
View Curriculum
Requirements
  • Microsoft Excel or Google Docs/OpenOffice
Description

Every business relies on the maximising of their profits and by understand Gross Profit Margins you will be able to do just that!

On completion of this course you will have the knowledge and the skills to create a Gross Profit Calculator using Microsoft Excel.

Learn how to set your retail prices correctly based on the cost and the Gross Profit Margin will give you the best advantage to make the most profit off of your sales. 

This course will enable you to be able to  understand what Gross Profit is identify the difference better Gross Profit & Net Profit learn the formulas to calculate Gross Profit Margins.

Create an Excel spread sheet that will enable you to accurately calculate your Gross Profit Margins

Getting your profit margins wrong can be the difference between running a successful business and not.

By doing this course you will become confident in your pricing and be able to identify what products will deliver you the best returns.

Who is the target audience?
  • This course for creating and understanding Gross Profit Calculators is for managers and business owners who want to become more confident with pricing and profit margins. It is also for aspiring students looking to learn about the basics of profit margins
  • This course will enable you to be able to understand what Gross Profit is identify the difference better Gross Profit & Net Profit learn the formulas to calculate Gross Profit Margins.
  • Getting your profit margins wrong can be the difference between running a successful business and not.
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Curriculum For This Course
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Introduction to Gross Profit Margins
1 Lecture 05:21

In this section you will learn:

  • What is Gross Profit
  • What is Gross Profit Margin
  • What is the difference between Gross Profit & Net Profit
  • How do we calculate a Gross Profit Margin
  • How do we add VAT to a Net Cost or Net Sale Price
  • How do we remove VAT from a Gross Cost or Gross Sale Price
What is a Gross Profit Margin and how is it calculated?
05:21
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Using Gross Profit Margin Calculations Without Excel
2 Lectures 06:18

It is always useful to have a full understanding of how Gross Profit Calculations work outside of Microsoft Excel.

In this lecture you will see how to use the formulas learned in the previous lecture using a calculator.

Using Gross Profit Margin Calculations Without Excel
01:58

Using Gross Profit Margin Calculations Without Excel Example Video
04:20

Use this quiz to practice using the formulas for Gross Profit Margin, Adding VAT & Removing VAT.

You should use a calculator for these questions and not an Excel spread sheet

Gross Profit Margin Usage Without Excel
4 questions
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Beginning With Excel
2 Lectures 16:03

We will now look at the Gross Profit Margin Calculator in order to see how it functions and how we add the formulas to calculate the margin. In this section you will:

  • see how the calculator will function
  • how the rate of VAT affects the Net and Gross costs and prices
  • how you will be able to add and remove the VAT from a net cost/price and gross cost/price
Introduction to the Excel Gross Profit Margin Calculator
11:09

In this section we will begin to write the formulas to create the Gross Profit Margin Calculator. We will cover:

  • Adding the variable rate of VAT
  • Working out the net unit price
  • Calculating the Net retail price from a Gross retail price
  • Calculating the Gross Profit Margin
  • Adding a Gross to Net calculator
  • Adding a Net to Gross calculator
  • Error trapping for formulas
Creating The Gross Profit Margin Calculator
04:54
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Further Uses to Gross Profit Margin Calculations
3 Lectures 10:09

Not every sale you make will consist of just one item.

For example. A Vodka & Cola would consist of the costs of the vodka and the cola. The Retail Price combined with the combined costs of these two items would give you the Gross Profit Margin of the total items sols

In this section we will look at how to combine two or more items to calculate the total Gross Profit Margin.

Using Gross Profit Margins for Recipes or Multiple Items
02:11

In this lecture we will look at how to use Gross Profit Margin Calculations for multiple items that make up a single sale. 

Using Gross Profit Margins for Recipes or Multiple Items Video Example
07:23

Bonus Lecture: Free Book and Further Learning
00:35
About the Instructor
Paul Gallagher
4.2 Average rating
43 Reviews
2,193 Students
2 Courses
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