We are importing sales data from a company we just purchased. We want to calculate the logistics value so that the profit margin is 13%.
We have the following rules in our system:
Profit = SalesValue - OriginalPrice - LogisticsValue CostValue = OriginalPrice + LogisticsValue ProfitMargin = Profit/CostValue * 100 = (SalesValue - OriginalPrice - LogisticsValue) / (OriginalPrice + LogisticsValue) * 100
If SalesValue = $1000, OriginalPrice = $750 and ProfitMargin = 13 and LogisitcsValue = LV then
13 = ((1000-750-LV)/(750+LV)) * 100 = (250 - LV) / (750+LV) * 100 0.13 * (750+LV) = (250 - LV) 0.13LV + LV = 250
How can I find the value of LV?