Cost per Pound Formula:
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Definition: This calculator determines the cost per pound of an item based on its total price and weight.
Purpose: It helps consumers and businesses compare prices of products sold by weight in the UK market.
The calculator uses the formula:
Where:
Explanation: The total price is divided by the weight in pounds to determine the price per pound.
Details: Calculating price per pound allows for accurate cost comparisons between products of different sizes and weights.
Tips: Enter the total price in GBP and the weight in pounds. Both values must be greater than 0.
Q1: Why calculate price per pound?
A: It standardizes pricing for comparison shopping when items come in different package sizes.
Q2: How accurate is this calculation?
A: Very accurate when you have precise total cost and weight measurements.
Q3: Can I use this for metric weights?
A: You'll need to convert kilograms to pounds (1 kg ≈ 2.20462 lb) first for accurate GBP/lb results.
Q4: Does this include VAT or other taxes?
A: Use the total price you pay including all taxes for accurate calculations.
Q5: How can I use this for bulk purchases?
A: Enter the total bulk price and total weight to find the per-pound cost for bulk items.