To calculate the Price Per Piece (PPP):
\[ PPP = \frac{TC}{NP} \]
Where:
Price per piece is a measure of the cost of each individual unit when items are purchased in bulk or produced in large quantities. It is a useful metric for budgeting, cost analysis, and price setting. By understanding the price per piece, businesses and consumers can make informed decisions about purchases and production.
Let's assume the following values:
Using the formula:
\[ PPP = \frac{500}{100} = 5 \]
The price per piece is $5.00.
Let's assume the following values:
Using the formula:
\[ PPP = \frac{750}{150} = 5 \]
The price per piece is $5.00.