Enter the total cost ($) and the number of units into the Calculator. The calculator will evaluate the Cost Per Hundred.
Cost Per Hundred Formula
CPH = TC / U * 100
Variables:
- CPH is the Cost Per Hundred ($/100 units)
- TC is the total cost ($)
- U is the number of units
To calculate the Cost Per Hundred, divide the total cost by the number of units, then multiply by 100.
How to Calculate Cost Per Hundred?
The following steps outline how to calculate the Cost Per Hundred.
- First, determine the total cost ($).
- Next, determine the number of units.
- Next, gather the formula from above = CPH = TC / U * 100.
- Finally, calculate the Cost Per Hundred.
- 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 ($) = 125
number of units = 3
Frequently Asked Questions
What is the purpose of calculating Cost Per Hundred (CPH)?
Calculating Cost Per Hundred helps businesses and individuals understand how much 100 units of a product or service cost, facilitating easier comparison and budgeting decisions.
Can the Cost Per Hundred formula be used for any type of product or service?
Yes, the Cost Per Hundred formula is versatile and can be applied to a wide range of products or services, regardless of their nature, as long as the total cost and the number of units are known.
How can the Cost Per Hundred calculation impact financial decisions?
Understanding the Cost Per Hundred can help in making more informed financial decisions by providing a clear cost comparison between different quantities of products or services, aiding in budgeting and pricing strategies.
Is there a difference between Cost Per Hundred and Cost Per Thousand (CPT)?
Yes, while both metrics provide a cost analysis, Cost Per Hundred calculates the cost for every 100 units, whereas Cost Per Thousand (CPT) calculates the cost for every 1000 units, making CPT more suitable for larger quantities.
