Enter the car cost ($) and the margin (%) into the Car Price Calculator. The calculator will evaluate and display the Car Price.
Car Price Formula
The following formula is used to calculate the Car Price.
CP = CC / (1-m/100)
- Where CP is the Car Price ($)
- CC is the car cost ($)
- m is the margin (%)
How to Calculate Car Price?
The following example problems outline how to calculate Car Price.
Example Problem #1:
- First, determine the car cost ($).
- The car cost ($) is given as: 10,000.
- Next, determine the margin (%).
- The margin (%) is provided as: 25.
- Finally, calculate the Car Price using the equation above:
CP = CC / (1-m/100)
The values given above are inserted into the equation below:
CP = 10,000 / (1-25/100) = 13,333.33 ($)
Example Problem #2:
For this problem, the variables needed are provided below:
car cost ($) = 6,000
margin (%) = 50
This example problem is a test of your knowledge on the subject. Use the calculator above to check your answer.
CP = CC / (1-m/100) = ?