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 = ?