Use the retail profit margin calculator to find profitable selling price for your retail business
Calculate retail profit margins with this free tool.
Shopify's retail 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 retail 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 retail profit margin calculator is 100% free! You can run as many calculations for as many products as you like.