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