Quotation Price Calculator

Build a quotation price from costs, markup and applicable tax. Enter your own values below to see quotation total and check the method behind it.

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Your inputs

Change the example values to match your situation.

Your result

Let’s work it out.

Fill in your inputs and select Calculate.
Your result and breakdown will appear here.

How this calculator works

Quotation = cost × (1 + markup) × (1 + tax rate).

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What is Quotation Price Calculator?

Quotation Price Calculator helps you build a quotation price from costs, markup and applicable tax.

The main result is quotation total, with a breakdown of price before tax and tax. The formula, example and assumptions below explain how to interpret it.

How to use Quotation Price Calculator

Use the example to get familiar with the form, then enter your own figures. Any rates in the example are illustrative. Check the field labels and units before calculating.

  1. Gather project / product cost (₹), markup percentage (%) and tax rate (%). Use values from the same situation or reporting period.
  2. Replace the example project / product cost with your own value, then complete the other fields. Check the displayed units.
  3. Select Calculate and read quotation total with its result breakdown. Change one input and calculate again to compare a second scenario. Reset restores the original example.
  • Enter project / product cost in ₹, at least 0. Decimals are accepted.
  • Enter markup percentage in %, at least 0 and at most 10000. Decimals are accepted.
  • Enter tax rate in %, at least 0 and at most 100. Decimals are accepted.

Quotation Price Calculator: a worked example

With the inputs below, the result is ₹14,750 (quotation total). Follow the example, then replace these illustrative values with your own.

Example inputs and output
Input or outputExample value
Project / product cost (₹)₹10,000
Markup percentage (%)25 %
Tax rate (%)18 %
Quotation total₹14,750
Price before tax₹12,500
Tax₹2,250

Understanding the Quotation Price result

Read quotation total alongside price before tax and tax. These describe different parts of the same calculation.

Displayed results use a readable number of decimal places. When checking a result by hand, keep extra precision until the last step. To compare scenarios, change one input at a time and keep the others fixed.

  • Example Price before tax: ₹12,500
  • Example Tax: ₹2,250

Quotation Price Calculator: assumptions and common mistakes

A useful estimate starts with the right inputs. Check the following assumptions and limits before applying the result to your situation.

  • Separate revenue from cash receipts and cost from selling price. Check the denominator before comparing a margin with a markup.

For wider guidance, visit ICAI. The formula and scope of this specific tool are stated on this page.

Quotation Price Calculator FAQs

What does Quotation Price Calculator calculate?

Quotation Price Calculator helps you build a quotation price from costs, markup and applicable tax. Its main output is quotation total in ₹.

What inputs do I need for Quotation Price Calculator?

You need project / product cost (₹), markup percentage (%) and tax rate (%). Use the field labels and units to match your figures to the formula.

Which formula does Quotation Price Calculator use?

Quotation = cost × (1 + markup) × (1 + tax rate).

What is a worked example for Quotation Price Calculator?

Example inputs: Project / product cost: ₹10,000; Markup percentage: 25 %; Tax rate: 18 %. The result is ₹14,750 (quotation total).

How should I enter project / product cost?

Enter project / product cost in ₹, at least 0. Decimals are accepted.

How do I choose markup percentage?

Enter markup percentage in %, at least 0 and at most 10000. Decimals are accepted. The example uses 25 %; replace it if your circumstances differ.

How should I read quotation total?

Read quotation total alongside price before tax and tax. These describe different parts of the same calculation.

Why might my Quotation Price Calculator result differ from my records?

Separate revenue from cash receipts and cost from selling price. Check the denominator before comparing a margin with a markup. Differences in entered values, units or rounding can also change the comparison.

Can I compare two scenarios in Quotation Price Calculator?

Yes. Note your first quotation total, change project / product cost or another input, and select Calculate again. Editing a field clears the old result so it is not mistaken for a new calculation.

Is Quotation Price Calculator free, and where are my inputs calculated?

This calculator is free to use without signing in. Its formula runs in your browser; calculator inputs are not sent to a calculation API. The inputs reset to the example values when you reset the form or start a fresh page.