Enter the up to 5 different prices ($) and the number of different prices into the Average Price Calculator. The calculator will evaluate and display the Average Price. 

Average Price Formula

The following formula is used to calculate the Average Price. 

AP = (P1+P2+PX) / X
  • Where AP is the Average Price ($)
  • P1-PX is the up to 5 different prices ($) 
  • X is the number of different prices 

How to Calculate Average Price?

The following example problems outline how to calculate Average Price.

Example Problem #1:

  1. First, determine the up to 5 different prices ($).
    1. The up to 5 different prices ($) is given as: 6,10,5,8.
  2. Next, determine the number of different prices.
    1. The number of different prices is provided as: 4.
  3. Finally, calculate the Average Price using the equation above: 

AP = (P1+P2+PX) / X

The values given above are inserted into the equation below:

AP = (6+10+5+8) / 4 = 7.25 ($)

Example Problem #2: 

For this problem, the variables needed are provided below:

up to 5 different prices ($) = 9,11,20,30

number of different prices = 4

This example problem is a test of your knowledge on the subject. Use the calculator above to check your answer. 

AP = (P1+P2+PX) / X = ?