Average Unit Price Calculator calculates the average unit price by reflecting multiple unit prices.
| Unit Price (USD) | Quantity | Subtotal (USD) | Delete |
|---|
Total Cost: $0.00
Total Quantity: 0
Average Unit Price: $0.00
๐ Calculation Method
The average unit price is calculated using a weighted average formula:
Average Unit Price = (ฮฃ(Unit Price ร Quantity)) รท Total Quantity
- Multiply the unit price and quantity for each item and sum them up.
- Divide the total by the total quantity to get the average unit price.
๐ Calculation Example
Let's assume the following data:
| Item | Unit Price (USD) | Quantity | Unit Price ร Quantity (USD) |
|---|---|---|---|
| Product A | $10.00 | 5 | $50.00 |
| Product B | $25.00 | 3 | $75.00 |
| Product C | $18.00 | 2 | $36.00 |
| Total | $161.00 | ||
| Total Quantity | 10 | ||
| Average Unit Price | $16.10 | ||
Thus, the average unit price is $16.10.