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:

  1. First, determine the purchase amount ($). 
    1. The purchase amount ($) is given as: 700.
  2. Next, determine the weight of platinum (kg). 
    1. The weight of platinum (kg) is provided as: 20.
  3. 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 = ?