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GP Calculator Calculate your desired GP, RRP or cost price with our handy, easy to use GP calculators below. If you have any questions on how to use them then contact a member of the team on 01392 444123 1. Cost price to RRP based on required GP Use this calculator if you know what your cost price is and your desired GP.
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Gross Profit Calculator Having a good drinks list in your venue is a critical tool to help maximise sales. Not only will a good list help showcase your range to your customers, but more importantly, if used correctly it will help with upselling, incremental purchase and promote your most profitable listings. Wines Draught Beer Packaged Beer
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Here's the formula for finding cost per ounce of liquor: Container Cost. = Cost per Ounce. Ounces per Container. For an example, let's use Belvedere vodka. If your bar stocks Belvedere in 750ml bottles, and you pay $20 per bottle then here is your cost per ounce: $20 / 25.4oz = 79 cents. So one ounce of Belvedere costs you .79 cents.
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Calculator 3. This GP calculator works out what your GP will be if you know what your cost price and RRP is. Use this calculator if; - You know the cost price of the product. - You know what RRP you want to sell at. For example, the image shows that if my wine costs me £5.20 exVAT, and I want my RRP to be no more than £19, my GP will be.
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In simple terms, this calculator tells you how much money you have left after you have sold the product and paid the supplier/vendor for the product. In accounting parlance it is Sales - COGS. This is the method most businesses use to measure for calculating margins. d) Caution: Be careful not to confuse Mark Up% and GP%.
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In fact, the overall average gross profit margin for bars is about 75%. The key to reaching that number is to measure and control your pour costs.. Calculate the pour cost for each drink on your bar menu; compare each drink's pour cost to the sales volume for its drink category (i.e. beer, wine, liquor, frozen drinks, etc.). Consider.
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To calculate your cash margin for this drink simply subtract the Net Cost Value from the Net Selling Price: Net Selling Price £7.08 - Net Cost £1.38 = Cash Margin £5.70 To take this one step further we should look at what our Gross Profit Percentage is (GP%). This can be achieved with a simple formula:
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Simple to use Gross Profit Calculator for Foodservice and Catering Calculate profit from cost to menu price or menu to cost price. Contact us for more help with Gross Profit GP Calculations and Menu Planning and Costing. Please enter your figures below to work out your menu prices and / or your gross profit. From your cost to menu price
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Cocktail content calculator For drinks with two or more ingredients How strong is your mixed drink or cocktail? Depending on the recipe, you can have one, two, or more "standard drinks" (also known as alcoholic drink equivalents) in one cocktail or mixed drink.
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Standard Drink Calculator How to Use the Calculator Beer, wine, or distilled spirits - you only need 2 pieces of information to calculate how many standard drinks are in a container: 1) Volume (typically shown as ounces or mL) 2) Alcohol by volume (typically shown as % ABV or 'proof')
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Two Simple Steps: Step 1: Figure out Gross Profit Resale - Cost = Gross Profit $12 (resale) - 7 (cost) = $5 Gross Profit Step 2: Divide Gross Profit by Resale (and multiply times 100 to get the percentage) (Gross Profit / Resale) *100 Example: $5 (Gross Profit) / $12 Resale = .4166 Then multiply by 100 to get the % So .4166 x 100 = 41.66%
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Use our gross profit calculator in one of two ways. Find out how much you need to sell an item for by inputting the cost prices and expected margins you require. Alternatively, find out exactly what margin you will achieve if your cost prices and selling prices are set to a certain price.
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Our free Gross Profit Calculator is an easy way to instantly calculate GP and extend profit margins. Get the app Lynx Purchasing Gross Profit Calculator If you're running a catering or hospitality business, knowing your food Gross Profit (GP) is as essential as knowing your menu costs.
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Use our calculator to find the profit margin on draught or bottled beer & cider, wine or spirits, in all the most popular container sizes - everything from bottle to barrel, firkin to keg and polypin to kilderkin. Drinks Category Cost Price Cost Per Pint Retail Price Gross Profit Gross Profit % %
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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).