Enter the initial cost ($) and the percentage change (%) into the Final Cost Calculator. The calculator will evaluate and display the Final Cost.
Final Cost Formula
The following formula is used to calculate the Final Cost.
FC = IC + IC * PC/100
- Where FC is the Final Cost ($)
- IC is the initial cost ($)
- PC is the percentage change (%)
How to Calculate Final Cost?
The following example problems outline how to calculate Final Cost.
Example Problem #1:
- First, determine the initial cost ($). The initial cost ($) is given as 50.
- Next, determine the percentage change (%). The percentage change (%) is provided as 20.
- Finally, calculate the Final Cost using the equation above:
FC = IC + IC * PC/100
The values given above are inserted into the equation below:
FC = 50 + 50* 20/100 = 60.00 ($)
Example Problem #2:
The variables needed for this problem are provided below:
initial cost ($) = 100
percentage change (%) = 40
Entering these values and solving gives:
FC = IC + IC * PC/100 = 140.00 ($)
