Enter the profit generated by innovation ($) and the cost of innovation ($) into the Return on Innovation Calculator. The calculator will evaluate and display the Return on Innovation.

## Return on Innovation Formula

The following formula is used to calculate the Return on Innovation.

ROIn = PI / CI * 100
• Where ROIn is the Return on Innovation (%)
• PI is the profit generated by innovation ($) • CI is the cost of innovation ($)

## How to Calculate Return on Innovation?

The following example problems outline how to calculate Return on Innovation.

Example Problem #1:

1. First, determine the profit generated by innovation ($). • The profit generated by innovation ($) is given as: 67.
2. Next, determine the cost of innovation ($). • The cost of innovation ($) is provided as: 480.
3. Finally, calculate the Return on Innovation using the equation above:

ROIn = PI / CI * 100

The values given above are inserted into the equation below and the solution is calculated:

ROIn = 67 / 480 * 100 = 13.95 (%)

Example Problem #2:

For this problem, the variables needed are provided below:

profit generated by innovation ($) = 70 cost of innovation ($) = 140

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

ROIn = PI / CI * 100 = ?