Enter the unit price ($), the unit cost ($), and the quantity sold into the calculator to determine the Total Profit.
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Total Profit Formula
The following formula is used to calculate the Total Profit.
Pt = (P-C) * Q
- Where Pt is the Total Profit ($)
- P is the unit price ($)
- C is the unit cost ($)
- Q is the quantity sold
How to Calculate Total Profit?
The following example problems outline how to calculate Total Profit.
Example Problem #1
- First, determine the unit price ($). In this example, the unit price ($) is given as 100 .
- Next, determine the unit cost ($). For this problem, the unit cost ($) is given as 50 .
- Next, determine the quantity sold. In this case, the quantity sold is found to be 20.
- Finally, calculate the Total Profit using the formula above:
Pt = (P-C) * Q
Inserting the values from above yields:
Pt = (100-50) * 20 = 1,000.00 ($)
Example Problem #2
The variables needed for this problem are provided below:
unit price ($) = 150
unit cost ($) = 30
quantity sold = 3
Entering these values and solving gives:
Pt = (150-30) * 3 = 360.00 ($)
