Enter the total cost of the item and the number of uses you get out of the item into the calculator to determine the cost per use.
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Cost Per Use Formula
The following equation is used to calculate the Cost Per Use.
CPU = TC / U
- Where CPU is the cost per use ($/use)
- TC is the total cost ($)
- #U is the number of uses
To calculate the cost per use, divide the cost of the item by the number of uses you get out of the item.
What is Cost Per Use?
Cost per use is the equivalent amount you would pay to use an item one time. Usually this term is used when looking at consumer object with a limited life span.
How to Calculate Cost Per Use?
The following example outlines the steps and information needed to calculate Cost Per Use.
First, determine the total cost of the item. In this example, the item is a pair of shoes, and the cost is $100.00.
Next, determine the number of uses you get out of the shoes. In this case, the shoes are running shoes and were worn for 50 runs.
Finally, calculate the cost per use using the formula above;
CPU = TC / #U
CPU = $100.00. / 50
CPU = $2.00 / use