Enter the nominal price ($) and the price index into the Real Price Calculator. The calculator will evaluate and display the Real Price.

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## Real Price Formula

The following formula is used to calculate the Real Price.

RP = NP / PI * 100

- Where RP is the Real Price ($)
- NP is the nominal price ($)
- PI is the price index

To calculate the real price, divide the nominal price by the price index.

## How to Calculate Real Price?

The following example problems outline how to calculate Real Price.

Example Problem #1:

- First, determine the nominal price ($).
- The nominal price ($) is given as: 100.

- Next, determine the price index.
- The price index is provided as: 30.

- Finally, calculate the Real Price using the equation above:

RP = NP / PI * 100

The values given above are inserted into the equation below:

RP = 100 / 30 * 100 = 333.33 ($)

Example Problem #2:** **

For this problem, the variables needed are provided below:

nominal price ($) = 400

price index = 20

This example problem is a test of your knowledge on the subject. Use the calculator above to check your answer.

RP = NP / PI * 100** = ?**