diff --git a/dpnp/dpnp_algo/dpnp_elementwise_common.py b/dpnp/dpnp_algo/dpnp_elementwise_common.py
index 5115f39a8e7..7a54a194795 100644
--- a/dpnp/dpnp_algo/dpnp_elementwise_common.py
+++ b/dpnp/dpnp_algo/dpnp_elementwise_common.py
@@ -133,7 +133,7 @@ def _call_divide_inplace(lhs, rhs, sycl_queue, depends=[]):
         """In place workaround until dpctl.tensor provides the functionality."""
 
         # allocate temporary memory for out array
-        out = dpt.empty_like(lhs, dtype=numpy.result_type((lhs.dtype, rhs.dtype)))
+        out = dpt.empty_like(lhs, dtype=dpnp.result_type(lhs.dtype, rhs.dtype))
 
         # call a general callback
         div_ht_, div_ev_ = _call_divide(lhs, rhs, out, sycl_queue, depends)
diff --git a/dpnp/dpnp_iface_manipulation.py b/dpnp/dpnp_iface_manipulation.py
index cadf63af236..1ca879abe1a 100644
--- a/dpnp/dpnp_iface_manipulation.py
+++ b/dpnp/dpnp_iface_manipulation.py
@@ -67,6 +67,7 @@
     "ravel",
     "repeat",
     "reshape",
+    "result_type",
     "rollaxis",
     "shape",
     "squeeze",
@@ -579,6 +580,49 @@ def reshape(x, /, newshape, order='C', copy=None):
     return dpnp_array._create_from_usm_ndarray(usm_arr)
 
 
+def result_type(*arrays_and_dtypes):
+    """
+    Returns the type that results from applying the NumPy
+    type promotion rules to the arguments.
+
+    For full documentation refer to :obj:`numpy.result_type`.
+
+    Parameters
+    ----------
+    arrays_and_dtypes : list of arrays and dtypes
+        An arbitrary length sequence of arrays or dtypes.
+
+    Returns
+    -------
+    out : dtype
+        The result type.
+
+    Limitations
+    -----------
+    An array in the input list is supported as either :class:`dpnp.ndarray`
+    or :class:`dpctl.tensor.usm_ndarray`.
+
+    Examples
+    --------
+    >>> import dpnp as dp
+    >>> dp.result_type(dp.arange(3, dtype=dp.int64), dp.arange(7, dtype=dp.int32))
+    dtype('int64')
+
+    >>> dp.result_type(dp.int64, dp.complex128)
+    dtype('complex128')
+
+    >>> dp.result_type(dp.ones(10, dtype=dp.float32), dp.float64)
+    dtype('float64')
+
+    """
+
+    usm_arrays_and_dtypes = [
+        X.dtype if isinstance(X, (dpnp_array, dpt.usm_ndarray)) else X
+        for X in arrays_and_dtypes
+    ]
+    return dpt.result_type(*usm_arrays_and_dtypes)
+
+
 def rollaxis(x1, axis, start=0):
     """
     Roll the specified axis backwards, until it lies in a given position.
diff --git a/tests/test_manipulation.py b/tests/test_manipulation.py
index 5c535d60f8e..b8ee2cfaa97 100644
--- a/tests/test_manipulation.py
+++ b/tests/test_manipulation.py
@@ -40,6 +40,25 @@ def test_repeat(arr):
     assert_array_equal(expected, result)
 
 
+def test_result_type():
+    X = [dpnp.ones((2), dtype=dpnp.int64), dpnp.int32, "float16"]
+    X_np = [numpy.ones((2), dtype=numpy.int64), numpy.int32, "float16"]
+
+    assert dpnp.result_type(*X) == numpy.result_type(*X_np)
+
+def test_result_type_only_dtypes():
+    X = [dpnp.int64, dpnp.int32, dpnp.bool, dpnp.float32]
+    X_np = [numpy.int64, numpy.int32, numpy.bool_, numpy.float32]
+
+    assert dpnp.result_type(*X) == numpy.result_type(*X_np)
+
+def test_result_type_only_arrays():
+    X = [dpnp.ones((2), dtype=dpnp.int64), dpnp.ones((7, 4), dtype=dpnp.int32)]
+    X_np = [numpy.ones((2), dtype=numpy.int64), numpy.ones((7, 4), dtype=numpy.int32)]
+
+    assert dpnp.result_type(*X) == numpy.result_type(*X_np)
+
+
 @pytest.mark.usefixtures("allow_fall_back_on_numpy")
 @pytest.mark.parametrize("array",
                          [[1, 2, 3],