Enter the purchase amount ($) and the weight of platinum (kg) into the Platinum Price Calculator. The calculator will evaluate and display the Platinum Price.

## Platinum Price Formula

The following formula is used to calculate the Platinum Price.

PP = PA / WP

- Where PP is the Platinum Price ($/kg)
- PA is the purchase amount ($)
- WP is the weight of platinum (kg)

To calculate platinum price, divide the purchase amount by the platinum weight.

## How to Calculate Platinum Price?

The following example problems outline how to calculate Platinum Price.

Example Problem #1:

- First, determine the purchase amount ($).
- The purchase amount ($) is given as: 700.

- Next, determine the weight of platinum (kg).
- The weight of platinum (kg) is provided as: 20.

- Finally, calculate the Platinum Price using the equation above:

PP = PA / WP

The values given above are inserted into the equation below:

PP = 700 / 20 = 35 ($/kg)

Example Problem #2:** **

For this problem, the variables needed are provided below:

purchase amount ($) = 800

weight of platinum (kg) = 50

This example problem is a test of your knowledge on the subject. Use the calculator above to check your answer.

PP = PA / WP** = ?**