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Net Price Formula

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Net Price refers to the price of a good or service excluding the GST component. Check FAQs

NP = CP + GT

NP - Net Price?CP - Cost of Product?GT - Gst Amount?

Net Price Example

With values

With units

Only example

Here is how the Net Price equation looks like with Values.

Here is how the Net Price equation looks like with Units.

Here is how the Net Price equation looks like.

2040 = 2000 + 40

2040 = 2000 + 40

2040 = 2000 + 40

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Net Price Solution

Follow our step by step solution on how to calculate Net Price?

FIRST Step Consider the formula

NP = CP + GT

Next Step Substitute values of Variables

∴

NP = 2000 + 40

Next Step Prepare to Evaluate

∴

NP = 2000 + 40

LAST Step Evaluate

∴

NP = 2040

Net Price Formula Elements

Variables

Net Price

Net Price refers to the price of a good or service excluding the GST component.

Symbol: NP

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Net Price

Cost of Product

Cost of Product refers to the amount incurred by the manufacturer or seller to produce or procure the product.

Symbol: CP

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Cost of Product

Gst Amount

Gst Amount refers to the sum of money that represents the goods and services tax imposed on a particular product or service.

Symbol: GT

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Gst Amount

Other formulas in Tax category

Go Tax Equivalent Yield

TEQY = \frac{TFY}{1 - TR}

Go Sales Tax Amount

STA = P \cdot (\frac{ST}{100})

Go Total Sales Tax

TST = P + STA

Go Effective Tax Rate

ETR = \frac{TEE}{EBT}

How to Evaluate Net Price?

Net Price evaluator uses Net Price = Cost of Product+Gst Amount to evaluate the Net Price, Net Price is the price that the buyer pays for the product or service, not including the GST. Net Price is denoted by NP symbol.

How to evaluate Net Price using this online evaluator? To use this online evaluator for Net Price, enter Cost of Product (CP) & Gst Amount (GT) and hit the calculate button.

FAQs on Net Price

What is the formula to find Net Price?

The formula of Net Price is expressed as Net Price = Cost of Product+Gst Amount. Here is an example- 2040 = 2000+40.

How to calculate Net Price?

With Cost of Product (CP) & Gst Amount (GT) we can find Net Price using the formula - Net Price = Cost of Product+Gst Amount.

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: Value
: Unit

Net Price Formula

Net Price Example

Net Price Solution

Net Price Formula Elements

Other formulas in Tax category

How to Evaluate Net Price?

FAQs on Net Price

Variable Name