ICY PROFITS

THE WORLD OF ITALIAN ICE VENDORS

Profit  Calculators

 

Gross Profit Margin Calculator (%)

Use this calculator to determine how much out of every cup you sell is Profit.  Enter the number you get into "Profit Margin %" for the third field of the Profit Calculator at right. 

 

Online Calculator

 

How to Use the Gross Profit Margin Calculator

  • For “Sales (Total Revenue)”, enter the amount you will charge the customer per cup (no dollar sign).  Example: 2.00
  • For “Cost of Goods Sold (COGS)”, you must do a little simple math first:

Cost of Goods Sold

Cost of one cup, one spoon and one napkin
added to 
Cost of Italian Ice to fill one cup

 

Example:                                                              0.05 (one cup)
0.01 (one spoon)
0.01 (one napkin)
0.35 (three scoops of Italian Ice to fill cup)
0.42 Cost of Goods Sold

  • Then press the "Calculate" button to get your Gross Profit Margin Percentage

 

 

Profit Calculator ($)

This calculator will determine in dollars how much you will make in Total Sales per month, and how much of that will be Profit (in your pocket).    

                     

Embed this Calculator

 

How to Use the Profit Calculator

  • For “Cost of Good/Service”, enter the amount you will charge the customer per cup (no dollar sign).  Example: 2.00
  • For “New Sales a Month”, you must do a little simple math first:

New Sales a Month

Number of cups you'll sell each day
multiplied by 
Number of days you'll sell each month.
 
Example:
100 cups each day
x 15 days a month
1500 New Sales a Month
  • For "Gross Profit Margin %", use the number you got in the calculator at left (do not include the % sign).
  • Press the “Calculate” button to get your Total Sales and Profit per month in dollars.

 

 

 

Definitions to Help you Use the Calculators

Gross Profit Margin Definition

How do you use gross profit margin to make business decisions? Many business owners will use gross profit margin calculations to help them price their products, track changes over time, and even take a closer look at some of the various cost factors that go into the cost of goods sold number that is input into the calculation to arrive at the gross profit margin calculation.

 

Cost of Good/Service Definition

The cost of good or service is the total amount that you will be charging the customer for this particular good or service. Be sure to include the total amount that they will be charged, even if this amount includes extra fees, which are related to the good or service and do not have to be paid to someone else. As an example, you would not include the amount for tax in the total cost, since that amount must be sent to your tax department.

New Sales a Month Definition

When thinking of new sales per month, you must think of all possible sales that will be generated for this particular good or service. Of course, this will be an estimate. Unless you are a brand new business, or this is a brand new product or service, you can probably use an estimate from a previous month. A better estimate might be to average the last several months to get an average of how many of this good or service you can expect to sell each month.

If you are a new business, or you are selling a new product, you will need to just make the best estimate you can. Remember, that this type of estimate may not be accurate. And, you will need to keep this in consideration when you see the calculation that is generated.

Profit Margin (%) Definition

The profit margin is a percentage which tells how much of the amount charged to the customer is returned to you as profit.


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