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The Spark Retail Calculator
We are thrilled to share with you our proprietary calculator that we developed specifically for our clients. In this blog, we’re going to go over how it can help you as a client better map out your pricing strategy.
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How it works
The Spark Retail Calculator assists you with product costing and profit margins. We’ve used the calculator for dozens of clients and have come to see it as an incredibly valuable tool because of it’s simplicity and accuracy.
Simply plug in the cost of your item for sale along with your intended selling price. This calculator will then provide your gross profit margin, along with your markup percentage.
This information allows you to really play with how your pricing can affect your gross profit margin and bottom line. One mispriced item can greatly affect your profit. For instance, you may not realize that you actually are paying more for a product that you’re selling it for. This is a constant drain on your finances. Obviously, a store full of mispriced items can greatly affect your business’ overall health!
The Spark Retail Calculator is something that you are allowed access to as a client. Above all, we want to make business as easy and enjoyable as possible for our clients and customers. If you’re interested in knowing more about it, contact us on our Contact Page!
– The Spark Team
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