First, I highly recommend this app. It’s a must have! It would be even greater if the Margin and Markup calculator could do a backwards calculation. Such as, if I only have the cost and want to set the markup or margin at a certain amount. It would be even better if it auto calculated the retail based on setting the margin. Thanks for making such an awesome tool that helps me so very much daily!!
Simple but very limited functions render it useless for me
I use the Omni margin calculator daily as a store owner. I can get an item in, pinch in the price I paid for it and figure out how much I should sell it for instantly at a 42% margin. Not so with this app. It’s really just for finding out someone else’s margin by punching in what they sold if for and what they paid. It won’t calculate what price I should sell an item for if I paid 2.84 and sell items in my store at a 42% margin. It’s user friendly but just short sighted
The old version of this was so much better! The screen was bright and inviting now it’s dark and gloomy. The inputs are still simple but you have to click off the keyboard now to get results where you didn’t before, which is annoying. The calculator on the new version doesn’t work correctly either (doesn’t subtract % correctly).
I do not mind design changes, but when those changes mess with the functionality, that is not good! I used to be able to figure out a margin on an old cost and price amount, and carry that margin over to a new cost amount. Now I have to write down the margin amount, clear all entries, type in the old margin, and then input my new cost. Too many steps! Looking for a new calculator
Can we add a Realestate cap rate calculator? A simple one. value, gross annual income, operating expenses = cap rate % Advanced calculator with expense details, interest, taxes, insurance etc... could be a “members” only feature.
Thanks to Marcus for providing this basic tool to his followers. While Marcus seems to focus on Margin (actually, Gross Margin), some still have interest in Mark-Up. Would Marcus consider adding Mark-Up calculations (mark-up from known cost & selling price as well as purchase price from know sales price & target mark-up) in a future release? This might be helpful for people that hear about Mark-Up but aren't familiar with the calculation.
It’s really annoying waiting for the headshot to go away before being able to calculate anything. Looking for a new calculator as I’m often needing to use it while out at accounts and can’t get to the numbers fast enough.
I was a huge fan of this app until the update. Now it’s horrible. Have to find something else. Super slow. Numbers that I type don’t enter. Doesn’t put in the decimals when I enter them. Constant have to close the app out and restart it.
I have been using this app for almost two years. Now deleting. New format is horrible and not user friendly. You can no longer put in your cost and what percentage Mark up and find your resale. Very disappointed in this new app.
Downloading this app because I KNOW that Marcus knows his stuff and that you gotta know your numbers! I'm launching a small business this Spring and know that this app will come in handy. Thank you Marcus and your team for making this app and looking forward to your upcoming episodes, The Profit and The Partner. Hope we can work together someday, you're an inspiration. Thanks
This app is very simple and what everyone in business needs. This is the simplest way to know your numbers. Such a great collaboration. We have all seen it on the show but after actually trying it works smooth and flawless. I would pay $5 for this app it is that amazing.
I was using this app before the update and preferred it without the picture of Marcus Lemonis. I have nothing against him, he is a great businessman, I just don't want to look at him every time I am calculating margins. It's a little embarrassing you in front of accounts. I would pay 99 cents to not have to look at the picture every time I use this app.
Wow! I am a big fan of "The Profit". I watched since season 1 and episode 1!! Thank you Marcus for the great app. I knew I will use a lot not just at work but also my personal finance. Everyone should download now when it's still free! 5 stars for great simplicity and easy use! Thank you!!!
It is very easy to use and can help instantly with both purchasing and selling decision in my small business. I am a fan of the show and this is just another free tool to help. Thank you for putting this out for us fans
The good - great for selling The bad - I'd rather see your emoji than you The next version - many business are based on rentals. Can you have an option for a purchase price of an item and then calculate a rental price for it Thx
Marcus Lemonis, star of CNBC’s The Profit, empowers YOU to “Know Your Numbers!” This easy-to-use business tool puts you 100% in charge by accurately calculating cost, margin/markup, price, and commission. New for this release, a break-even calculator to help you identify the number of additional product sales necessary for your profits to break-even when running a promotion. Key Features: • 6 Functional Calculators (Cost, Margin/Markup, Price, Commission, Break-Even, Standard Calculator) • Toggle between margin and markup easily • Automatically import results from new Standard Calculator into Cost field • Roll calculation function allows you to add multiple margin and markups to Price Marcus personally uses this app for his calculations, as seen on episodes of CNBC’s The Profit. This simple yet powerful business tool helps YOU achieve your business goals!