## Retail Price Solution

STEP 0: Pre-Calculation Summary
Formula Used
Retail Price = round(Price/(1+Percent),2)
RTP = round(P/(1+P%),2)
This formula uses 1 Functions, 3 Variables
Functions Used
round - Half-up rounding is a common method of rounding that rounds 0.5 up., round(number, roundingDigit)
Variables Used
Retail Price - Retail Price refers to the price at which a product or service is sold to consumers by a retailer.
Price - Price is the quantity of payment or compensation given by one party to another in return for one unit of goods or services.
Percent - Percent refers to the percentage rate at which tax is applied to a certain transaction, income, or purchase.
STEP 1: Convert Input(s) to Base Unit
Price: 900 --> No Conversion Required
Percent: 7.75 --> No Conversion Required
STEP 2: Evaluate Formula
Substituting Input Values in Formula
RTP = round(P/(1+P%),2) --> round(900/(1+7.75),2)
Evaluating ... ...
RTP = 102.86
STEP 3: Convert Result to Output's Unit
102.86 --> No Conversion Required
102.86 <-- Retail Price
(Calculation completed in 00.004 seconds)
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## Credits

Created by Aashna
IGNOU (IGNOU), India
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Rashtreeya Vidyalaya College of Engineering (RVCE), Bangalore
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## < 14 Tax Calculators

Taxable Income for Corporation
Taxable Income for Corporation = Gross Sales-Cost of Goods Sold-Operating Expense-ceil(Interest Expense)-Tax Deduction
Maximum Refund Amount
Maximum Refund Amount = (Turnover of Inverted Rate Supply*Net Itc/Adjusted Total Turnover)-Tax Payable on Inverted Rate Supply of Gst
Total Eligible Credit
Total Eligible Credit = Total Itc-(Itc for Personal Expenses+Itc for Exempted Supplies+Non Eligible Itc)
Taxable Income for Individual
Taxable Income for Individual = Gross Total Income-ceil(Total Exemptions)-Total Deductions
GST Excluding Amount
Gst Excluding Amount = floor(Gst Including Amount)/(1+Goods and Service Tax Rate/100)
Partly Exempted
Partly Exempted = (Exempted Turnover/Total Turnover)*Common Credit
Retail Price
Retail Price = round(Price/(1+Percent),2)
Goods and Service Tax
Goods and Service Tax = Taxable Amount*Goods and Service Tax Rate
Common Credit
Common Credit = Total Eligible Credit-Normal Input Tax Credit
Sales Tax Amount
Sales Tax Amount = Price*(Sales Tax Percentage/100)
Tax Equivalent Yield
Tax Equivalent Yield = Tax Free Yield/(1-Tax Rate)
Effective Tax Rate
Effective Tax Rate = Tax Expense/Pre Tax Income
Total Sales Tax
Total Sales Tax = Price+Sales Tax Amount
Net Price
Net Price = Cost of Product+Gst Amount

## Retail Price Formula

Retail Price = round(Price/(1+Percent),2)
RTP = round(P/(1+P%),2)

## What is Retail Price ?

Retail Price is the price that the customers pay for the final product that is sold. These customers do not buy the product to sell it onwards. They buy the product to use it. The retail price is determined based on various factors, including the cost of production, distribution, marketing, and the desired profit margin for the retailer. Additionally, factors such as competition, demand, and market trends can also influence retail pricing decisions. Retail prices are often displayed prominently on product labels, tags, or advertisements to inform consumers about the cost of the item. They play a crucial role in consumer purchasing decisions and are subject to fluctuations due to factors such as sales, discounts, and changes in market conditions.

## How to Calculate Retail Price?

Retail Price calculator uses Retail Price = round(Price/(1+Percent),2) to calculate the Retail Price, Retail Price is the amount that customers typically pay when purchasing goods or services from a store, online platform, or other retail outlet. Retail Price is denoted by RTP symbol.

How to calculate Retail Price using this online calculator? To use this online calculator for Retail Price, enter Price (P) & Percent (P%) and hit the calculate button. Here is how the Retail Price calculation can be explained with given input values -> 102.86 = round(900/(1+7.75),2).

### FAQ

What is Retail Price?
Retail Price is the amount that customers typically pay when purchasing goods or services from a store, online platform, or other retail outlet and is represented as RTP = round(P/(1+P%),2) or Retail Price = round(Price/(1+Percent),2). Price is the quantity of payment or compensation given by one party to another in return for one unit of goods or services & Percent refers to the percentage rate at which tax is applied to a certain transaction, income, or purchase.
How to calculate Retail Price?
Retail Price is the amount that customers typically pay when purchasing goods or services from a store, online platform, or other retail outlet is calculated using Retail Price = round(Price/(1+Percent),2). To calculate Retail Price, you need Price (P) & Percent (P%). With our tool, you need to enter the respective value for Price & Percent and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.
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