• IC is the initial cost ($) • PC is the percentage change (%) ## How to Calculate Final Cost? The following example problems outline how to calculate Final Cost. Example Problem #1: 1. First, determine the initial cost ($). The initial cost ($) is given as 50. 2. Next, determine the percentage change (%). The percentage change (%) is provided as 20. 3. Finally, calculate the Final Cost using the equation above: FC = IC + IC * PC/100 The values given above are inserted into the equation below: FC = 50 + 50* 20/100 = 60.00 ($)

Example Problem #2:

The variables needed for this problem are provided below:

initial cost ($) = 100 percentage change (%) = 40 Entering these values and solving gives: FC = IC + IC * PC/100 = 140.00 ($)