Product Price Calculator

How to Use the Calculator

1. Enter the Cost Price of your product (the actual cost to purchase or produce it)
2. Enter the Desired Profit Margin percentage (e.g., 20 for 20%)
3. Click the Calculate button to see the recommended selling price
4. The calculator will also show the profit amount you would make at this selling price

Example

If you buy a product for $50 (cost price) and want to make a 25% profit, the calculator will tell you that you should sell it for $62.50, which would give you a $12.50 profit.

Formula Explained

The calculator uses this simple formula:

Selling Price = Cost Price × (1 + Profit Margin / 100)

For example, if the cost price is $50 and the profit margin is 25%:

Selling Price = $50 × (1 + 25/100) = $50 × 1.25 = $62.50

Important Considerations

• This calculator provides a basic calculation of selling price. In real-world scenarios, you may also need to consider other costs like shipping, taxes, marketing, and competitive pricing.
• The profit margin is calculated based on the selling price, not the cost price.
• For more complex pricing strategies, consider factors like bulk discounts, seasonality, and market demand.