I'm sure that this is a really simple equation but I just can't seem to wrap my brain around it. I am trying to find out a minimum selling price based of the following:
Product Cost + Shipping Cost + Fees (% based on Minimum Sales Price) = Minimum Selling Price
The fees are based on the selling price and need to find out where the break even point is, for example:
$\$54.61 - \$34.97 - \$11.45 - (0.15 \cdot \$54.61) = 0$
(Minimum Selling Price) - (Cost) - (Shipping) - (Fees) = 0
So at $\$54.61$, I would make $\$0.00$ on the product but I need a formula to figure out how to get to the $\$54.61$ number.
Thanks for the help in advance!