Enter the selling price of the silver ($/lb), the purchase price of the silver ($/lb), and the total weight of silver (lbs) into the calculator to determine the Silver Profit.

## Silver Profit Formula

The following formula is used to calculate the Silver Profit.

SP = (S – PP) * WS

• Where SP is the Silver Profit ($) • S is the selling price of the silver ($/lb)
• PP is the purchase price of the silver ($/lb) • WS is the total weight of silver (lbs) ## How to Calculate Silver Profit? The following example problems outline how to calculate Silver Profit. Example Problem #1 1. First, determine the selling price of the silver ($/lb). In this example, the selling price of the silver ($/lb) is given as 15 . 2. Next, determine the purchase price of the silver ($/lb). For this problem, the purchase price of the silver ($/lb) is given as 13 . 3. Next, determine the total weight of silver (lbs). In this case, the total weight of silver (lbs) is found to be 2000. 4. Finally, calculate the Silver Profit using the formula above: SP = (S – PP) * WS Inserting the values from above yields: SP = (15 – 13) * 2000 = 4000 ($)

Example Problem #2

The variables needed for this problem are provided below:

selling price of the silver ($/lb) = 16 purchase price of the silver ($/lb) = 10

total weight of silver (lbs) = 1000

Entering these values and solving gives:

SP = (16 – 10) * 1000 = 6000.00 (\$)