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.
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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:
- First, determine the profit generated by innovation ($).
- The profit generated by innovation ($) is given as: 67.
- Next, determine the cost of innovation ($).
- The cost of innovation ($) is provided as: 480.
- 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 = ?
