Enter the invoice cost ($) and the profit margin (%) into the Invoice Price Calculator. The calculator will evaluate and display the Invoice Price.
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Invoice Price Formula
The following formula is used to calculate the Invoice Price.
IP = IC + IC * PM/100
- Where IP is the Invoice Price ($)
- IC is the invoice cost ($)
- PM is the profit margin (%)
To calculate the invoice price, multiply the invoice cost by the profit margin, then add the result to the invoice cost.
How to Calculate Invoice Price?
The following example problems outline how to calculate Invoice Price.
Example Problem #1:
- First, determine the invoice cost ($).
- The invoice cost ($) is given as: 1,500.
- Next, determine the profit margin (%).
- The profit margin (%) is provided as: 10.
- Finally, calculate the Invoice Price using the equation above:
IP = IC + IC * PM/100
The values given above are inserted into the equation below:
IP = 1500 + 1500 * 10/100 = 1,650.00 ($)
Example Problem #2:
For this problem, the variables needed are provided below:
invoice cost ($) = 7,000
profit margin (%) = 30
This example problem is a test of your knowledge on the subject. Use the calculator above to check your answer.
IP = IC + IC * PM/100 = ?
