Enter the initial price ($) and the rate of inflation over the period (%) into the Inflated Price Calculator. The calculator will evaluate and display the Inflated Price.
Inflated Price Formula
The following formula is used to calculate the Inflated Price.
P = Pi + Pi *r/100
- Where P is the Inflated Price ($)
- Pi is the initial price ($)
- r is the rate of inflation over the period (%)
How to Calculate Inflated Price?
The following example problems outline how to calculate Inflated Price.
Example Problem #1:
- First, determine the initial price ($).
- The initial price ($) is given as: 600.
- Next, determine the rate of inflation over the period (%).
- The rate of inflation over the period (%) is provided as: 10.
- Finally, calculate the Inflated Price using the equation above:
P = Pi + Pi *r/100
The values given above are inserted into the equation below:
P = 600 + 600 *10/100 = 660.00 ($)
Example Problem #2:
For this problem, the variables needed are provided below:
initial price ($) = 1550
rate of inflation over the period (%) = 5
This example problem is a test of your knowledge on the subject. Use the calculator above to check your answer.
P = Pi + Pi *r/100 = ?
