Enter the cost price ($) and the profit margin ($) into the Calculator. The calculator will evaluate the Price Rate.

## Price Rate Formula

PR = CP + PM

Variables:

- PR is the Price Rate ($)
- CPI is the cost price ($)
- PM is the profit margin ($)

To calculate the Price Rate, add the cost price and the profit margin together.

## How to Calculate Price Rate?

The following steps outline how to calculate the Price Rate.

- First, determine the cost price ($).
- Next, determine the profit margin ($).
- Next, gather the formula from above = PR = CP + PM.
- Finally, calculate the Price Rate.
- After inserting the variables and calculating the result, check your answer with the calculator above.

**Example Problem : **

Use the following variables as an example problem to test your knowledge.

cost price ($) = 20

profit margin ($) = 30