Enter the total price per unit and the total weight per unit into the calculator to determine the price per pound.
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Price Per Pound Formula
The following formula is used to calculate the price per pound.
PPP = TP / TW
- Where PPP is the price per pound
- TP is the total price per unit
- TW is the total weight per unit
Price Per Pound Definition
A price per pound is the total monetary price per weight in pounds of an object or product.
Price Per Pound Example
How to calculate a price per pound?
The first step in calculating a price per pound is to determine the total price per unit. To do this, take the total price and divide it by the total number of units.
For this example, the price per unit is found to be $5.00
Next, determine the total weight per unit. Similar to the first step, the weight per unit can be found by dividing the total weight by the total number of units.
In this case, this yields a weight of 2lbs per unit.
Finally, calculate the price per pound using the formula above:
PPP = TP / TW
PPP = $5.00 / 2
PPP = $2.50 / lb
A price per pound is the total price in dollars per pound of weight.