Enter the total price and the length in inches into the calculator to determine the price per inch. This calculator helps in evaluating the cost per unit length of an item.
Price Per Inch Formula
The following formula is used to calculate the price per inch.
PPI = TP / L
Variables:
- PPI is the price per inch ($/inch)
- TP is the total price ($)
- L is the length (inches)
To calculate the price per inch, divide the total price by the length in inches.
What is Price Per Inch?
Price per inch is a measure of the cost efficiency of a product based on its length. It is commonly used to compare the prices of items sold by length, such as fabric, cables, or lumber. Understanding the price per inch can help consumers make more informed decisions when purchasing such items, ensuring they get the best value for their money.
How to Calculate Price Per Inch?
The following steps outline how to calculate the Price Per Inch.
- First, determine the total price (TP) of the item in dollars.
- Next, determine the length (L) of the item in inches.
- Use the formula from above = PPI = TP / L.
- Finally, calculate the Price Per Inch (PPI) in dollars per inch.
- 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 price (TP) = $50
Length (L) = 100 inches
