Enter the total cost and the volume of a product to determine the cost per 100 ml. This calculator helps in comparing the cost-effectiveness of different products based on their volume and price.
Cost Per 100 ml Formula
The following formula is used to calculate the cost per 100 ml.
Cost per 100 ml = (Total Cost / Volume) * 100
Variables:
- Total Cost is the price paid for the product ($)
- Volume is the amount of product in milliliters (ml)
To calculate the cost per 100 ml, divide the total cost by the volume of the product and then multiply by 100 to convert it to a per 100 ml basis.
What is Cost Per 100 ml?
Cost per 100 ml is a way to standardize the price of a product to a common volume, making it easier to compare the value of products sold in different sizes. This is particularly useful in the retail industry for comparing prices of liquids like beverages, cleaning supplies, or personal care items.
How to Calculate Cost Per 100 ml?
The following steps outline how to calculate the Cost Per 100 ml.
- First, determine the total cost of the product ($).
- Next, determine the volume of the product (ml).
- Next, gather the formula from above = Cost per 100 ml = (Total Cost / Volume) * 100.
- Finally, calculate the Cost Per 100 ml ($).
- After inserting the variables and calculating the result, check your answer with the calculator above.
Example Problem :
Use the following variables as an example problem to test your knowledge.
Total cost of the product ($) = 5.50
Volume of the product (ml) = 250 ml
