Calculate cost per wear from an item’s price and how often you wear it, with optional resale and care costs, or find the wears needed to hit a target.
Cost Per Wear Formula
The simple purchase-only cost per wear uses the equation below. The calculator can also subtract expected resale value and add average care cost per wear: (purchase price − resale value) / wears + care cost per wear.
- Where CW is the cost per wear ($/wear)
- IC is the cost of the item ($)
- W is the number of times the item is worn
To calculate the cost per wear, simply divide the item cost by the number of times the item gets worn over its lifetime.
What is Cost Per Wear?
Definition:
Cost per wear spreads the net purchase cost across the number of times an item is worn, then adds average care cost per wear. With a positive net purchase cost and constant care cost, wearing it more lowers the average toward the care cost. Resale and future wear counts are estimates.
How to Calculate Cost Per Wear?
Example Problem:
The following example outlines the steps and information needed to calculate the Cost Per Wear.
First, determine the item cost. In this example, the item is a jacket, and it costs $150.00.
Next, determine the number of times the item will be worn over its lifetime. This jacket will be worn 400 times over its lifetime.
Finally, calculate the cost per wear using the formula above:
CW = IC / #W
CW = 150 / 400
CW = $0.375 / wear
