Retail Price Calculator

✖Price is the quantity of payment or compensation given by one party to another in return for one unit of goods or services.ⓘ Price [P]			+10% -10%
✖Percent refers to the percentage rate at which tax is applied to a certain transaction, income, or purchase.ⓘ Percent [P%]			+10% -10%

✖Retail Price refers to the price at which a product or service is sold to consumers by a retailer.ⓘ Retail Price [RTP]

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Formula

✖

Retail Price

Formula

`"RTP" = round("P"/(1+"P%"),2)`

Example

`"102.86"=round("900"/(1+"7.75"),2)`

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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

FINAL ANSWER

102.86 <-- Retail Price

(Calculation completed in 00.004 seconds)

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Credits

Created by Aashna

IGNOU (IGNOU), India

Aashna has created this Calculator and 100+ more calculators!

Verified by Surjojoti Som

Rashtreeya Vidyalaya College of Engineering (RVCE), Bangalore

Surjojoti Som has verified this Calculator and 10+ more calculators!

< 14 Tax Calculators

Taxable Income for Corporation

Go Taxable Income for Corporation = Gross Sales-Cost of Goods Sold-Operating Expense-ceil(Interest Expense)-Tax Deduction

Maximum Refund Amount

Go Maximum Refund Amount = (Turnover of Inverted Rate Supply*Net Itc/Adjusted Total Turnover)-Tax Payable on Inverted Rate Supply of Gst

Total Eligible Credit

Go Total Eligible Credit = Total Itc-(Itc for Personal Expenses+Itc for Exempted Supplies+Non Eligible Itc)

Taxable Income for Individual

Go Taxable Income for Individual = Gross Total Income-ceil(Total Exemptions)-Total Deductions

GST Excluding Amount

Go Gst Excluding Amount = floor(Gst Including Amount)/(1+Goods and Service Tax Rate/100)

Partly Exempted

Go Partly Exempted = (Exempted Turnover/Total Turnover)*Common Credit

Retail Price

Go Retail Price = round(Price/(1+Percent),2)

Goods and Service Tax

Go Goods and Service Tax = Taxable Amount*Goods and Service Tax Rate

Common Credit

Go Common Credit = Total Eligible Credit-Normal Input Tax Credit

Sales Tax Amount

Go Sales Tax Amount = Price*(Sales Tax Percentage/100)

Tax Equivalent Yield

Go Tax Equivalent Yield = Tax Free Yield/(1-Tax Rate)

Effective Tax Rate

Go Effective Tax Rate = Tax Expense/Pre Tax Income

Total Sales Tax

Go Total Sales Tax = Price+Sales Tax Amount

Net Price

Go 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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