Each product or service within your salon has a gross margin, which is the difference between the selling price and the cost of the product. The gross margin is used to calculate the gross margin percentage. The Excel sheet, available for download below, helps a salon calculate the gross margin percentage for up to three products at a time.
The calculator is used by entering the selling price of the product together with the sales tax rate. The supplier list cost price of the product is then added together with any trade and retro rebate discount percentages allowed.