The formula to calculate the cement price (CP) is:
\[ CP = \frac{TP}{V} \]
Where:
Let's say the total cement price is $500, and the total cement volume is 50 ft³. Using the formula:
\[ CP = \frac{500}{50} \]
We get:
\[ CP = 10 \]
So, the cement price (\( CP \)) is $10 per ft³.
The cement price refers to the cost per unit volume of cement. It is calculated by dividing the total cost of the cement by the total volume of cement purchased or used.