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. 

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

  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 .
  2. Next, determine the purchase price of gold ($/lb). For this problem, the purchase price of gold ($/lb) is given as  20 .
  3. Next, determine the total weight of gold (lbs). In this case, the total weight of gold (lbs) is found to be 150.
  4. 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 ($)