Cost Divider Calculator

Formula

To calculate the Individual Cost ($IC$):

\[ IC = \frac{TC}{NP} \]

Where:

$IC$ is the Individual Cost ($)
$TC$ is the Total Cost ($)
$NP$ is the Number of People

What is Cost Division?

Cost division is a method of distributing the total cost of a shared expense among multiple individuals. This is commonly used in scenarios such as splitting a restaurant bill, sharing accommodation costs, or dividing expenses for a group event. It ensures that each person pays an equal share of the total cost.

Example Calculation 1

Let's assume the following values:

Total Cost ($TC$) = $200
Number of People ($NP$) = 4

Using the formula:

\[ IC = \frac{200}{4} = 50 \text{ dollars} \]

The Individual Cost is $50.

Example Calculation 2

Let's assume the following values:

Total Cost ($TC$) = $150
Number of People ($NP$) = 3

Using the formula:

\[ IC = \frac{150}{3} = 50 \text{ dollars} \]

The Individual Cost is $50.