Enter the profit per barrel of oil ($) and the cost of finding and developing the oil ($) into the Recycle Ratio Calculator. The calculator will evaluate the Recycle Ratio.
Recycle Ratio Formula
The following two example problems outline the steps and information needed to calculate the Recycle Ratio.
RR = PPB / CDO
Variables:
- RR is the Recycle Ratio ( )
- PPB is the profit per barrel of oil ($)
- CDO is the cost of finding and developing the oil ($)
To calculate the recycle ratio, divide the profit per barrel of oil by the cost of find an developing the oil.
How to Calculate Recycle Ratio?
The following steps outline how to calculate the Recycle Ratio.
- First, determine the profit per barrel of oil ($).
- Next, determine the cost of finding and developing the oil ($).
- Next, gather the formula from above = RR = PPB / CDO .
- Finally, calculate the Recycle Ratio.
- 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.
profit per barrel of oil ($) = 45
cost of finding and developing the oil ($) = 30
RR = PPB / CDO = ?
