Enter the initial price ($) and the depreciation percentage (%) into the Used Item Price Calculator. The calculator will evaluate and display the Used Item Price.

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## Used Item Price Formula

The following formula is used to calculate the Used Item Price.

**UP = IP – IP * D/100**

- Where UP is the Used Item Price ($)
- IP is the initial price ($)
- D is the depreciation percentage (%)

## How to Calculate Used Item Price?

The following example problems outline how to calculate Used Item Price.

Example Problem #1:

- First, determine the initial price ($).
- The initial price ($) is given as: 5,000.

- Next, determine the depreciation percentage (%).
- The depreciation percentage (%) is provided as: 10.

- Finally, calculate the Used Item Price using the equation above:

UP = IP – IP * D/100

The values given above are inserted into the equation below:

UP = 5000 – 5000 * 10/100 = 4,500.00 ($)

Example Problem #2:** **

For this problem, the variables needed are provided below:

initial price ($) = 6,000

depreciation percentage (%) = 50

This example problem is a test of your knowledge on the subject. Use the calculator above to check your answer.

UP = IP – IP * D/100** = ?**