Enter the purchase price of the home ($), the sale price of the home ($), and the tax rate on sale (%) into the calculator to determine the Home Sale Profit.

Home Sale Profit Formula

The following formula is used to calculate the Home Sale Profit.

Phs = (SP – PP) –  SP*TR/100

• Where Phs is the Home Sale Profit ($) • PP is the purchase price of the home ($)
• SP is the sale price of the home ($) • TR is the tax rate on sale (%) How to Calculate Home Sale Profit? The following example problems outline how to calculate Home Sale Profit. Example Problem #1 1. First, determine the purchase price of the home ($). In this example, the purchase price of the home ($) is given as 100000 . 2. Next, determine the sale price of the home ($). For this problem, the sale price of the home ($) is given as 200000 . 3. Next, determine the tax rate on sale (%). In this case, the tax rate on sale (%) is found to be 25. 4. Finally, calculate the Home Sale Profit using the formula above: Phs = (SP – PP) – SP*TR/100 Inserting the values from above yields: Phs = (200000-100000)-200000*25/100 = 50,000 ($)

Example Problem #2

The variables needed for this problem are provided below:

purchase price of the home ($) = 300000 sale price of the home ($) = 500000

tax rate on sale (%) = 30

Entering these values and solving gives:

Phs = (500000-300000)-500000*30/100 = 50,0000 (\$)