The formula to calculate the Price Per Weight (PPW) is:
\[ \text{PPW} = \frac{\text{P}}{\text{W}} \]
Where:
Price per weight is a measure of the cost of a product per unit of weight. It is a common metric used to compare the prices of items that are sold in different sizes or quantities. By evaluating the price per weight, consumers can make more informed decisions about which product offers the best value for money, especially when the products are similar but packaged in different quantities.
Let's assume the following values:
Using the formula to calculate the Price Per Weight:
\[ \text{PPW} = \frac{50}{10} = 5 \text{ dollars per pound} \]
The Price Per Weight is $5 per pound.