Enter the unit price ($), the unit cost ($), and the quantity sold into the calculator to determine the Total Profit.

## 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 ($) • Q is the quantity sold ## How to Calculate Total Profit? The following example problems outline how to calculate Total Profit. Example Problem #1 1. First, determine the unit price ($). In this example, the unit price ($) is given as 100 . 2. Next, determine the unit cost ($). For this problem, the unit cost ($) is given as 50 . 3. Next, determine the quantity sold. In this case, the quantity sold is found to be 20. 4. Finally, calculate the Total Profit using the formula above: Pt = (P-C) * Q Inserting the values from above yields: Pt = (100-50) * 20 = 1,000.00 ($)

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 (\$)