Enter the item purchase price ($) and the restocking percentage (%) into the Restocking Fee Calculator. The calculator will evaluate the Restocking Fee.
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Restocking Fee Formula
The following two example problems outline the steps and information needed to calculate the Restocking Fee.
RF = PP * RP / 100
Variables:
- RF is the Restocking Fee ($)
- PP is the item purchase price ($)
- RP is the restocking percentage (%)
To calculate the restocking fee, multiply the item price by the restocking percentage over 100.
How to Calculate Restocking Fee?
The following steps outline how to calculate the Restocking Fee.
- First, determine the item purchase price ($).
- Next, determine the restocking percentage (%).
- Next, gather the formula from above = RF = PP * RP / 100.
- Finally, calculate the Restocking Fee.
- 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.
item purchase price ($) = 100
restocking percentage (%) = 10
RF = PP * RP / 100 = ?
