Calculate Selling Price from Purchase Price
Calculate Purchase Price from Selling Price
Calculate Purchase Price and Selling Price easily with our user-friendly calculator. Make informed pricing decisions and maximize your profits today!
Formula for Calculating Selling Price and Purchase Price
1. Selling Price Calculation: [ \text{Selling Price} = 1.5 \times \text{Purchase Price} ]
Description: This formula calculates the Selling Price by multiplying the Purchase Price by 1.5. This means that the Selling Price is set at 150% of the Purchase Price, allowing for a profit margin of 50%. This is useful for retailers and businesses looking to determine a competitive selling price while ensuring profitability.
2. Purchase Price Calculation: [ \text{Purchase Price} = \frac{2}{3} \times \text{Selling Price} ]
Description: This formula calculates the Purchase Price by taking two-thirds of the Selling Price. It helps businesses understand how much they should ideally pay for a product to maintain a desired profit margin when selling it at a specific Selling Price. This is particularly useful for budgeting and cost management in retail and wholesale operations.