your formula seems to be alright. but your point is getting displayed beyond the screen display area. to solve this, you need to map (or scale in other words) the start and end co ordinates of your map with your display area, and also you should scale every gps point you are displaying wrt the screen co ordinates.
long back, i also faced the same problem, and i solved it this way.
feel free to mail me, for any further queries.
chandu004@yahoo.com