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Started By
Message
Sales/math question
Posted on 11/5/19 at 8:33 am
Posted on 11/5/19 at 8:33 am
Let's say you're putting together a quote for someone and after punching everything into your calculator, it shows the total to be 400.8545. Do you tell the customer the total is 400.85 or 400.86?
17
Posted on 11/5/19 at 8:34 am to DovaVol
Most proposals I look at round just like you would in grade school math. So for your example, I would expect to round down.
Posted on 11/5/19 at 8:35 am to DovaVol
500
Why would you ever quote that close.
Why would you ever quote that close.
Posted on 11/5/19 at 8:36 am to DovaVol
405
Posted on 11/5/19 at 8:36 am to DovaVol
350
Posted on 11/5/19 at 8:37 am to DovaVol
$409. I don't sell shite where pennies matter.
Posted on 11/5/19 at 8:37 am to DovaVol
How many significant digits does your company want you to round?
Posted on 11/5/19 at 8:38 am to Saucypants
quote:
500
Why would you ever quote that close.
20% extra for nothing?
Hope putting cost together isn't your day job.
Posted on 11/5/19 at 8:39 am to DovaVol
$401. Only Poor’s deal with coins
Posted on 11/5/19 at 8:39 am to DovaVol
500.86 and let the AP clerk to cut me a check for an extra $100.01 in commission.
Posted on 11/5/19 at 8:40 am to DovaVol
I say it is 400 bucks
Posted on 11/5/19 at 8:41 am to DovaVol
quote:
Let's say you're putting together a quote for someone and after punching everything into your calculator, it shows the total to be 400.8545. Do you tell the customer the total is 400.85 or 400.86?
always add 10% markup
so $440
Posted on 11/5/19 at 8:41 am to LNCHBOX
quote:
20% extra for nothing? Hope putting cost together isn't your day job.
contingencies. Plus, is this a rough budget bid or a final bid.
I still would round up based solely on nothing coming together perfectly.
Posted on 11/5/19 at 8:41 am to DovaVol
350.85
Posted on 11/5/19 at 8:42 am to Saucypants
quote:
I still would round up based solely on nothing coming together perfectly.
That's great. If you're 20% over with absolutely nothing to justify, I will laugh at your cost and move on with my day.
Posted on 11/5/19 at 8:44 am to DovaVol
Be a good salesman and charge them $400.
Posted on 11/5/19 at 8:44 am to LNCHBOX
quote:
That's great. If you're 20% over with absolutely nothing to justify, I will laugh at your cost and move on with my day.
If we're talking about a estimating a door, I'd agree. Depends on what is being estimated.
Posted on 11/5/19 at 8:46 am to Saucypants
quote:
If we're talking about a estimating a door, I'd agree. Depends on what is being estimated.
I feel like OP is doing more than just a rough back of the napkin guess on a cost.
Based on that, randomly throwing in that much extra as "contingency" is a sure fire way to not sell very much.
Posted on 11/5/19 at 8:50 am to LNCHBOX
That is a very generic statement to make when you have no idea what kind of service OP is providing
For Example: I know someone who does wedding flowers - typically gets 1/3 of the total fee as her profit after costs / labor and can pretty much book as much as she wants throughout the year.
For Example: I know someone who does wedding flowers - typically gets 1/3 of the total fee as her profit after costs / labor and can pretty much book as much as she wants throughout the year.
This post was edited on 11/5/19 at 8:52 am
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