1. What is the Price Calculator for Bangladesh?

Definition: This calculator determines the selling price by adding the cost price and markup amount in Bangladeshi Taka (BDT).

Purpose: It helps businesses and individuals calculate appropriate selling prices based on their costs and desired profit margins.

2. How Does the Calculator Work?

The calculator uses the formula:

Where:

• \( Price \) — Final selling price (BDT)
• \( Cost \) — Original cost of the product (BDT)
• \( Markup \) — Desired profit amount (BDT)

Explanation: The cost price is added to the markup amount to determine the minimum selling price to achieve the desired profit.

3. Importance of Price Calculation

Details: Proper pricing ensures business profitability while remaining competitive in the Bangladeshi market.

4. Using the Calculator

Tips: Enter the cost price in BDT and the desired markup amount in BDT. Both values must be ≥ 0.

5. Frequently Asked Questions (FAQ)

Q1: What's the difference between markup and margin?
A: Markup is added to cost, while margin is a percentage of the selling price. This calculator uses absolute markup in BDT.

Q2: How do I determine appropriate markup?
A: Consider market rates, competition, and your profit goals. Common markups in Bangladesh range from 10-50% depending on the product.

Q3: Should I include VAT in this calculation?
A: No, this calculates base price. VAT would be added separately according to Bangladeshi tax laws.

Q4: Can I use this for service pricing?
A: Yes, enter your service cost (materials + labor) and desired profit markup.

Q5: How often should I recalculate prices?
A: Whenever your costs change significantly or market conditions shift.