Calculate the total price from quantity and price per item, add a second item, discount and sales tax, or compare two packs by unit price.
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Total Price Formula
The following formula is used to calculate the Total Price.
- Where TP is the Total Price ($)
- I is the number of items purchased
- API is the average price per item ($)
To calculate the quick total, multiply quantity by price per unit. Tax mode first rounds the subtotal to cents, subtracts a seller discount rounded to cents, then adds tax on the discounted subtotal rounded to cents. Blank discount and tax mean zero; local tax and invoice rules may differ. Compare packs using the same quantity unit.
How to Add a List of Prices
Choose Itemized total and enter one US dollar price per line. To buy several units at the same price, enter the quantity, an x, and the unit price on the same line. Each line total is quantity ร unit price, rounded to the nearest cent. Add the line totals to get the item subtotal.
Grand total = item subtotal + shipping + other fees + sales tax. Enter the sellerโs applicable rate if you want an estimate. The calculator applies that rate only to the item subtotal and rounds the tax to cents. Blank charges and tax count as zero. Use the sellerโs quoted tax or total if shipping or fees are taxable.
For example, enter 2 x 4.25, 3.50 and 1.25 on separate lines. The item subtotal is $13.25. With $2.00 shipping, $0.50 in fees and 8% tax on the item subtotal ($1.06), the grand total is $16.81.
How to Calculate Total Price?
The following example problems outline how to calculate Total Price.
Example Problem #1:
- First, determine the number of items purchased.
- The number of items purchased is given as 250.
- Next, determine the average price per item ($).
- The average price per item ($) is provided as 3.
- Finally, calculate the Total Price using the equation above:
TP = I * API
The values given above are inserted into the equation below:
TP = 250 * 3 = 750.00 ($)
Example Problem #2:
For this problem, the variables needed are provided below:
number of items purchased = 700
average price per item ($) = 5
This example problem is a test of your knowledge on the subject. Use the calculator above to check your answer.
TP = I * API = ?
