Enter the purchase price of the wholesale item ($), the resale price of the item ($), and the total quantity of items sold into the calculator to determine the Wholesale Profit.

## Wholesale Profit Formula

The following formula is used to calculate the Wholesale Profit.

WP = (RP – PP)*#IS

• Where WP is the Wholesale Profit ($) • RP is the purchase price of the wholesale item ($)
• PP is the resale price of the item ($) • #IS is the total quantity of items sold ## How to Calculate Wholesale Profit? The following example problems outline how to calculate Wholesale Profit. Example Problem #1 1. First, determine the purchase price of the wholesale item ($). In this example, the purchase price of the wholesale item ($) is given as 60 . 2. Next, determine the resale price of the item ($). For this problem, the resale price of the item ($) is given as 200 . 3. Next, determine the total quantity of items sold. In this case, the total quantity of items sold is found to be 25. 4. Finally, calculate the Wholesale Profit using the formula above: WP = (RP – PP)*#IS Inserting the values from above yields: WP = (200 – 60)*25 = 3500 ($)

Example Problem #2

The variables needed for this problem are provided below:

purchase price of the wholesale item ($) = 6 resale price of the item ($) = 10

total quantity of items sold = 3

Entering these values and solving gives:

WP = (10 – 6)*3 = 12 (\$)