Selling Price Formula
Find the formula of the selling price when the profit percent is given.
Formula of the selling price when profit percent is given
SP = {(100 + P%)/100} × CP
What is the difference between the marked price and the selling price?
Marked Price is the price that is printed on the product, whereas selling price is the price that is paid by the consumer after all discounts and negotiations.
What is the formula for Cost Price and Selling Price?
Formula for CP and SP are,
- SP = CP + P
- SP = CP – L
What is profit?
When selling price is greater than the cost price, then the difference in the selling price and cost price is termed profit.
What is the selling price formula with a discount?
When a discount is given on the marked price of any object then the selling price is calculated as
Selling Price = Marked Price – Discount
Selling Price Formula
Selling Price Formula: Selling price is defined as the amount a customer pays for a product or service. Every day we purchase one thing or the other, and every product has a certain price. So, the price that we pay to the seller to buy the product is called the “selling price,” whereas the amount at which the product is bought by the seller is known as the “cost price.”
How to Calculate Selling Price: First, calculate the total cost of purchasing all units. Then, divide this total cost by the number of units bought to determine the cost price per unit. Next, utilize the selling price formula, which is SP = CP + Profit Margin, to determine the final price. Add the profit margin to the cost price to determine the appropriate selling price for the commodity.
This article provides in-depth on Selling Price Formula, and how to calculate the selling price from cost price and profit.
Table of Content
- What is Selling Price?
- Selling Price Formula
- Selling Price Formula with Profit Percentage
- Selling Price Formula with Loss Percentage
- Difference Between Selling Price and Cost Price
- Cost Price
- Marked Price (MP) and Discount
- Selling Price Formulas
- Solved Examples on Selling Price Formula
- Practice Problems on Selling Price Formula
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