Gold Profit Calculator

Formula

The formula to calculate the Gold Profit (GP) is:

\[ GP = (SPG - PPG) \times W \]

Where:

$ GP $ is the gold profit ($)
$ SPG $ is the selling price per pound of gold ($/lb)
$ PPG $ is the purchase price per pound of gold ($/lb)
$ W $ is the total weight of gold (lbs)

What is a Gold Profit?

The gold profit refers to the financial gain obtained from selling gold at a price higher than its purchase price. This profit is calculated by subtracting the purchase price per pound of gold from the selling price per pound, and then multiplying the result by the total weight of the gold. This calculation helps investors and traders determine the profitability of their gold transactions.

Example Calculation

Let's assume the following values:

Selling Price per Pound of Gold (SPG) = $1800.00 per lb
Purchase Price per Pound of Gold (PPG) = $1700.00 per lb
Total Weight of Gold (W) = 5 lbs

Using the formula to calculate the Gold Profit:

\[ GP = (1800 - 1700) \times 5 = 100 \times 5 = 500 \text{ dollars} \]

The Gold Profit is $500.00.