The electric potential at any point in space relies on the charge and the distance of the point from the charge.
The electric potential due to a point charge is given by,
\(V = k\frac{Q}{r} = \frac{1}{{4\pi {\varepsilon _0}}}\frac{Q}{r}\) … (i)
Here, k is electrostatic force constant whose value is \(9.0 \times {10^9}\;{\rm{N}} \cdot {{\rm{m}}^{\rm{2}}}{\rm{/}}{{\rm{C}}^{\rm{2}}}\), \({\varepsilon _0}\)is the absolute electrical permittivity of the free space, Q is the charge and r is the distance.