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 (\$)

## 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 = ?