Price Variance Percentage Calculator

Formula

The formula to calculate the price variance percentage (PVP) is:

\[ PVP = \frac{PV}{TP} \times 100 \]

Where:

Price Variance Percentage: Refers to the percentage difference between the price variance and the average total price. It is calculated by dividing the price variance by the average total price, then multiplying by 100.

Let's say the price variance (PV) is $200 and the average total price (TP) is $1000. Using the formula:

\[ PVP = \frac{200}{1000} \times 100 \]

We get:

\[ PVP = 20\% \]

So, the price variance percentage is 20%.