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Looking for help with Amazon Margin

Posted: Fri Oct 06, 2017 6:48 am
by fswhse
I feel like this should be easy and I'm missing something obvious.

I am trying to calculate a sale price based on a gross margin percentage that takes into account our selling fees. Our fees would be 12 percent.

Let's say I have a total cost of $19.83 - $6.23 per item $13.60 shipping. I want to make a 20 percent margin, but how do I figure out a sales price taking into account the 12 percent that will be taken?

The website says sell for $15.57 to make a 20 percent margin, but how does it calculate this?

Can anyone help?!