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Retail Price Formula

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Retail Price refers to the price at which a product or service is sold to consumers by a retailer. Check FAQs

RTP = r o u n d (\frac{P}{1 + P%}, 2)

RTP - Retail Price?P - Price?P% - Percent?

Retail Price Example

With values

With units

Only example

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

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

Here is how the Retail Price equation looks like.

102.86 = r o u n d (\frac{900}{1 + 7.75}, 2)

102.86 = r o u n d (\frac{900}{1 + 7.75}, 2)

102.86 = r o u n d (\frac{900}{1 + 7.75}, 2)

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Retail Price Solution

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

FIRST Step Consider the formula

RTP = r o u n d (\frac{P}{1 + P%}, 2)

Next Step Substitute values of Variables

∴

RTP = r o u n d (\frac{900}{1 + 7.75}, 2)

Next Step Prepare to Evaluate

∴

RTP = r o u n d (\frac{900}{1 + 7.75}, 2)

LAST Step Evaluate

∴

RTP = 102.86

Retail Price Formula Elements

Variables

Functions

Retail Price

Retail Price refers to the price at which a product or service is sold to consumers by a retailer.

Symbol: RTP

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Retail Price

Price

Price is the quantity of payment or compensation given by one party to another in return for one unit of goods or services.

Symbol: P

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Price

Percent

Percent refers to the percentage rate at which tax is applied to a certain transaction, income, or purchase.

Symbol: P%

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Percent

round

Half-up rounding is a common method of rounding that rounds 0.5 up.

Syntax: round(number, roundingDigit)

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 Retail Price?

Retail Price evaluator uses Retail Price = round(Price/(1+Percent),2) to evaluate 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 evaluate Retail Price using this online evaluator? To use this online evaluator for Retail Price, enter Price (P) & Percent (P%) and hit the calculate button.

FAQs on Retail Price

What is the formula to find Retail Price?

The formula of Retail Price is expressed as Retail Price = round(Price/(1+Percent),2). Here is an example- 102.86 = round(900/(1+7.75),2).

How to calculate Retail Price?

With Price (P) & Percent (P%) we can find Retail Price using the formula - Retail Price = round(Price/(1+Percent),2). This formula also uses Half-Up Rounding (round) function(s).

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Retail Price Formula

Retail Price Example

Retail Price Solution

Retail Price Formula Elements

Other formulas in Tax category

How to Evaluate Retail Price?

FAQs on Retail Price

Variable Name