Enter the total cost and the number of pieces into the calculator to determine the price per piece. This calculator helps in understanding the cost distribution per unit in bulk purchases or manufacturing.
Price Per Piece Formula
The following formula is used to calculate the price per piece.
PPP = TC / NP
Variables:
- PPP is the price per piece ($)
- TC is the total cost ($)
- NP is the number of pieces
To calculate the price per piece, divide the total cost by the number of pieces.
What is Price Per Piece?
Price per piece is a measure of the cost of each individual unit when items are purchased in bulk or produced in large quantities. It is a useful metric for budgeting, cost analysis, and price setting. By understanding the price per piece, businesses and consumers can make informed decisions about purchases and production.
How to Calculate Price Per Piece?
The following steps outline how to calculate the Price Per Piece.
- First, determine the total cost (TC) in dollars.
- Next, determine the number of pieces (NP).
- Next, gather the formula from above = PPP = TC / NP.
- Finally, calculate the Price Per Piece (PPP) in dollars.
- 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 cost (TC) = $200
Number of pieces (NP) = 50
