Enter the cost of goods sold ($) and the markup ($) into the Retail Cost Calculator. The calculator will evaluate and display the Retail Cost.

## Retail Price Formula

The following formula is used to calculate the Retail Cost.

RP = COGS + M
• Where RC is the Retail Price ($) • COGS is the cost of goods sold ($)
• M is the markup ($) To calculate the retail price, simply add the cost of goods sold together with the markup amount. ## How to Calculate Retail Price? The following example problems outline how to calculate Retail Cost. Example Problem #1: 1. First, determine the cost of goods sold ($). The cost of goods sold ($) is given as 55. 2. Next, determine the markup ($). The markup ($) is provided as 75. 3. Finally, calculate the Retail Cost using the equation above: RC = COGS + M The values given above are inserted into the equation below: RC = 55 + 75 = 140 ($)

Example Problem #2:

The variables needed for this problem are provided below:

cost of goods sold ($) = 83 markup ($) = 12

Entering these values and solving gives:

RC = COGS + M = 95 (\$)