Volume Average Weighted Pricing Calculator calculator can be used to calculate the average price of a product based on volume and weights, useful for inventory management and pricing strategies.
Learn how to use the Volume Average Weighted Pricing Calculator calculator and its working principles
The Volume Average Weighted Pricing Calculator calculates the average weighted price of a product based on the total volume and weight of items, as well as the price per item. This is useful for inventory management and pricing strategies, especially when dealing with products that have varying weights and prices.
For example, if you have 100 units of a product with a total weight of 50 kg and a price of $10 per unit, the average weighted price would be calculated as follows:
Volume Average Weighted Price = (100 * $10) / 50 = $20