• IC is the invoice cost ($) • PM is the profit margin (%) To calculate the invoice price, multiply the invoice cost by the profit margin, then add the result to the invoice cost. ## How to Calculate Invoice Price? The following example problems outline how to calculate Invoice Price. Example Problem #1: 1. First, determine the invoice cost ($).
1. The invoice cost ($) is given as: 1,500. 2. Next, determine the profit margin (%). 1. The profit margin (%) is provided as: 10. 3. Finally, calculate the Invoice Price using the equation above: IP = IC + IC * PM/100 The values given above are inserted into the equation below: IP = 1500 + 1500 * 10/100 = 1,650.00 ($)

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 = ?