List Price Calculator calculator can be used to determine the selling price of a product based on its cost and desired profit margin.
Learn how to use the List Price Calculator calculator and its working principles
The calculator uses the formula:
List Price = Cost / (1 - Profit Margin)
This means if you want to achieve a 20% profit margin on a product that costs $50, the list price would be:
List Price = $50 / (1 - 0.20) = $50 / 0.80 = $62.50
The profit amount would be $62.50 - $50 = $12.50, which is 20% of the list price.