Enter the cost of the item ($) and the desired profit ($) into the Suggested Retail Price Calculator. The calculator will evaluate the Suggested Retail Price.

## Suggested Retail Price Formula

The following two example problems outline the steps and information needed to calculate the Suggested Retail Price.

SRP = C + P

Variables:

• SRP is the Suggested Retail Price ($) • C is the cost of the item ($)
• P is the desired profit ($) To calculate the suggested retail price, simply add the cost of the item to the desired profit of the item. ## How to Calculate Suggested Retail Price? The following steps outline how to calculate the Suggested Retail Price. 1. First, determine the cost of the item ($).
2. Next, determine the desired profit ($). 3. Next, gather the formula from above = SRP = C + P. 4. Finally, calculate the Suggested Retail Price. 5. After inserting the variables and calculating the result, check your answer with the calculator above. Example Problem : Use the following variables as an example problem to test your knowledge. cost of the item ($) = 100

desired profit (\$) = 50

SRP = C + P = ?