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