Enter the invoice cost ($) and the profit margin (%) into the Invoice Price Calculator. The calculator will evaluate and display the Invoice Price.
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Invoice Price Formula
The following formula is used to calculate the Invoice Price.
IP = IC + IC * PM/100
- Where IP is the Invoice Price ($)
- IC is the invoice cost ($)
- PM is the profit margin (%)
How to Calculate Invoice Price?
The following example problems outline how to calculate Invoice Price.
Example Problem #1:
- First, determine the invoice cost ($).
- The invoice cost ($) is given as: 1,500.
- Next, determine the profit margin (%).
- The profit margin (%) is provided as: 10.
- Finally, calculate the Invoice Price using the equation above:
IP = IC + IC * PM/100
The values given above are inserted into the equation below:
IP = 1500 + 1500 * 10/100 = 1,650.00 ($)
Example Problem #2:
For this problem, the variables needed are provided below:
invoice cost ($) = 7,000
profit margin (%) = 30
This example problem is a test of your knowledge on the subject. Use the calculator above to check your answer.
IP = IC + IC * PM/100 = ?
