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.

- First, determine the cost of the item ($).
- Next, determine the desired profit ($).
- Next, gather the formula from above = SRP = C + P.
- Finally, calculate the Suggested Retail Price.
- 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** **= ?