A tool designed to compute the selling price of a product or service by adding a percentage or fixed amount to its cost. For example, if a product costs $50 and a business applies a 30% increment, the device will calculate the final sales value as $65.
This calculation is fundamental for profitability analysis and strategic pricing decisions. It assists businesses in covering expenses, achieving desired profit margins, and remaining competitive within the marketplace. Historically, these computations were done manually, but automated solutions streamline the process, reducing errors and saving time.
