Use the bar profit margin calculator to find profitable selling price for your bar business
Calculate bar profit margins with this free tool.
Shopify's bar profit margin calculator can help you find a profitable selling price for your products. To do this, simply enter the gross cost for each item and what percentage of profit you’d like to make on each sale. After clicking “Calculate profit”, the tool will run those numbers through its profit margin formula to find the final price you should charge your customers.
The easiest way to calculate the profit margin for your bar business is to use Shopify's free profit margin calculator. Alternatively, you can do it manually by subtracting the cost of goods sold (COGS) from the net sales (gross revenues minus returns, allowances, and discounts). Then divide this figure by net sales to calculate the gross profit margin in a percentage.
Yes, Shopify's bar profit margin calculator is 100% free! You can run as many calculations for as many products as you like.