Enter the selling price per pound of gold ($/lb), the purchase price of gold ($/lb), and the total weight of gold (lbs) into the calculator to determine the Gold Profit Calculator.

- All Profit Calculators
- Product Profit Calculator
- Tax On Profit Calculator
- Gold Cost Per Pound Calculator

## Gold Profit Formula

The following formula is used to calculate the Gold Profit Calculator.

**GP = (SPG – PPG) * W**

- Where GP is the Gold Profit Calculator ($)
- SPG is the selling price per pound of gold ($/lb)
- PPG is the purchase price of gold ($/lb)
- W is the total weight of gold (lbs)

## How to Calculate Gold Profit?

The following example problems outline how to calculate Gold Profit.

**Example Problem #1**

- First, determine the selling price per pound of gold ($/lb). In this example, the selling price per pound of gold ($/lb) is given as 50 .
- Next, determine the purchase price of gold ($/lb). For this problem, the purchase price of gold ($/lb) is given as 20 .
- Next, determine the total weight of gold (lbs). In this case, the total weight of gold (lbs) is found to be 150.
- Finally, calculate the Gold Profit using the formula above:

GP = (SPG – PPG) * W

Inserting the values from above yields:

GP = (50 – 20) * 150 = 4500 ($)

**Example Problem #2**

The variables needed for this problem are provided below:

selling price per pound of gold ($/lb) = 560

purchase price of gold ($/lb) = 140

total weight of gold (lbs) = 14

Entering these values and solving gives:

GP = (560 – 140) * 14 = 5880** **($)