What is the formula to calculate the MSRP?

The Manufacturer's Suggested Retail Price (MSRP) is typically calculated by adding the production costs, including materials and labor, along with a markup for profit and overhead expenses. While there isn't a strict formula, a common approach is: MSRP = (Production Cost + Overhead) × (1 + Markup Percentage). This ensures that the final price reflects both the cost of production and the desired profit margin.