Enter the product selling price ($), the product cost ($), and the total quantity of product sold into the calculator to determine the Product Profit.
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Product Profit Formula
The following formula is used to calculate the Product Profit.
PP = (SP – C) * QP
- Where PP is the Product Profit ($)
- SP is the product selling price ($)
- C is the product cost ($)
- QP is the total quantity of product sold
How to Calculate Product Profit?
The following example problems outline how to calculate Product Profit.
Example Problem #1
- First, determine the product selling price ($). In this example, the product selling price ($) is given as 45 .
- Next, determine the product cost ($). For this problem, the product cost ($) is given as 30 .
- Next, determine the total quantity of product sold. In this case, the total quantity of product sold is found to be 100.
- Finally, calculate the Product Profit using the formula above:
PP = (SP – C) * QP
Inserting the values from above yields:
PP = (45 – 30) * 100 = 1500($)
Example Problem #2
The variables needed for this problem are provided below:
product selling price ($) = 56
product cost ($) = 50
total quantity of product sold = 20
Entering these values and solving gives:
PP = (56 – 50) * 20 = 120 ($)
