Restocking Fee Calculator

Formula

The formula to calculate the Restocking Fee is:

\[ RF = \frac{PP \times RP}{100} \]

Where:

$ RF $ is the Restocking Fee ($)
$ PP $ is the Item Purchase Price ($)
$ RP $ is the Restocking Percentage (%)

What is Restocking Fee?

A restocking fee is a charge applied when an item is returned. It is calculated by multiplying the item purchase price by the restocking percentage and dividing by 100.

Example Calculation

Let's assume the following values:

Item Purchase Price (PP): $200
Restocking Percentage (RP): 15%

Using the formula to calculate the restocking fee:

\[ RF = \frac{200 \times 15}{100} = 30 \text{ $} \]

The restocking fee is $30.