Final Price:
Welcome to our price calculator! This tool allows you to easily calculate the final price of a product or
service by taking into account various costs such as the cost of the product or service itself, the cost of
materials, GST, transport, other costs, profit, storage, processing, labour, and utility.
Please note that all input fields are mandatory and should be numbers and not empty or negative.
We hope that you find this tool useful and we are always open to your feedback and suggestions. Thank you for using our price calculator!
We're here to help! Let us know if you need any calculators or assistance with office work at quickweblinker@gmail.com
The formula used in the code for calculating the final price is:
finalPrice = cost + material + transport + other + storage + processing + labour + utility + GST_amount + profit_amount
Where:
cost is the cost of the product or service
material is the cost of any materials used in the product or service
transport is the cost of transportation for the product or service
other is any other miscellaneous costs associated with the product or service
storage is the cost of storage for the product or service
processing is the cost of processing for the product or service
labour is the cost of labour associated with the product or service
utility is the cost of utility associated with the product or service
GST_amount is the GST calculated as a percentage of the sum of all the costs (cost, material, transport,
other, storage, processing, labour, and utility)
profit_amount is the profit calculated as a percentage of the sum of all the costs (cost, material,
transport,
other, storage, processing, labour, and utility)
For example, if the cost of a product is $100, the cost of materials is $20, GST is 18%, transport is $10,
other costs are $5, profit is 10%, storage is $5, processing is $10, labour is $15 and utility is $5, the
calculation would be:
GST_amount = (100 + 20 + 10 + 5 + 5 + 10 + 15 + 5) * 18 / 100 = 18.9
profit_amount = (100 + 20 + 10 + 5 + 5 + 10 + 15 + 5) * 10 / 100 = 9
finalPrice = 100 + 20 + 10 + 5 + 5 + 10 + 15 + 5 + 18.9 + 9 = $182.9
So the final price for the product would be $182.9.
It is important to note that the values entered in the input fields should be numbers and not empty or negative, otherwise the calculation will not be performed and an error message will be displayed.
Accurate Pricing: This calculator helps you determine the exact cost of a product or service, taking into account all relevant costs, such as materials, GST, transport, and labour, among others. This ensures that the final price is accurate and fair, both for you and for your customers.
Easy to Use: The calculator is easy to use and requires minimal input from the user. Simply enter the relevant costs and the calculator does the rest. This makes it a convenient tool for businesses of any size.
Time-Saving: By automating the pricing process, this calculator saves you time and eliminates the need for manual calculations. This allows you to focus on other important aspects of your business.
Helps with Budgeting: By providing an accurate picture of the costs associated with a product or service, this calculator can help you budget more effectively, ensuring that you are not overspending or undercharging.
Profit Margin Analysis: The calculator can help you determine your profit margin, which is the percentage of profit you make on a product or service. This can help you identify which products or services are most profitable and make adjustments as needed.
Competitive Pricing: By providing an accurate picture of the costs associated with a product or service, this calculator can help you price your products or services competitively, ensuring that you remain competitive in the market.
GST compliance: The GST is an important tax and compliance factor for any business, this calculator help to ensure that you are charging the correct GST rate and you can also easily show the GST amount for each item for compliance.
Easy to understand: The calculator is easy to understand and can be used by anyone, regardless of their level of technical expertise. This makes it a valuable tool for both business owners and employees.