Calculating your margin will help you find the right selling price for your product so you can optimize your profits. To use this calculator, simply enter the gross cost for your item and then how much money you’d like to make on each sale.
Generally speaking, your profit margin is what your company uses to determine what percentage of sales has turned into profits. It’s also considered your bottom line after all other expenses have been taken into account. Generally speaking, you'll want to increase your gross profit margins, which can be accomplished by either increasing profits or decreasing costs.
Your profit margin offers critical insight into the health of your business, such as whether you’re making money or you’ve priced your product appropriately. Here are some helpful tips:
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Yes! Our invoicing, accounting, and US-only banking software is 100% free—no trials, subscriptions, or hidden fees.
What’s the catch—how does Wave make money?
Wave makes money through our optional, paid money management products. Depending on your business needs, you can choose to pay for online payment processing, payroll, and 1:1 advisors. This allows our core software—invoicing, accounting, and business banking (currently only available to sole proprietors in the US)—to always be free.
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We provide different levels of support for customers who use different parts of Wave. Full details on how Wave support works are available here.
Powerful accounting software that has everything you need to confidently run your business.
