SOLUTION: what can be used to determine selling price when selling price is unknown?

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Question 1078078: what can be used to determine selling price when selling price is unknown?
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
The cost to make your widget multiplied by some profit margin you want to make.
So for example, if the bolt costs you $1.50 to make and you want to make a 40% margin, then the sell price would be,
SP=1.50%281%2B40%2F100%29=1.50%281.4%29=2.10
$2.10