Price per metric ton to price per pound calculator
- Price per metric ton to price per pound definition
- Price per metric ton to price per pound formula
- Price per metric ton to price per pound examples
- Price per metric ton to price per pound examples in Excel
- Price per metric ton to price per pound explanation
- Price per metric ton to price per pound FAQ
Price per metric ton to price per pound definition
Price per metric ton to price per pound formula
Price per pound = Price per metric ton / Number of pounds in one metric ton
Where,
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Price per pound is the price per one pound of some kind of product,
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Price per metric ton is the price per one metric ton of some kind of product,
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Number of pounds in one metric ton is just 2204.622.
So here is the updated formula:
Price per pound = Price per metric ton / 2204.622
Price per metric ton to price per pound examples
How to calculate price per metric ton to price per pound? Here we have an example for you to explain it.
For instance, you bought a metric ton of carbon for 95$. You want to know the price per pound. So as it was explained above, divide the price per metric ton by the number of pounds in one metric ton, that is 2204.622.
Solution:
Divide the price per metric ton by 2204.622. See the formula.
Price per pound = Price per metric ton / 2204.622
Put the data into the formula.
Price per pound = 95 / 2204.622
Make the calculations. Use a calculator, it will be easier and quicker then. See the result after it.
0.04309129 = 95 / 2204.622
Now round off the result to two decimal places to see the result as the price per pound.
0.04 ≈ 0.04309129 = 95 / 2204.622
So if the price per metric ton of carbon is 95$, what is the price per pound? The price per pound is 0.04$.
Price per metric ton to price per pound examples in Excel
Do you want to convert price per metric ton to price per pound quicker and easier? You can use Excel as a price per metric to price per pound calculator. You need to know an Excel formula only.
For example, one metric ton of gold costs about 40.2 million dollars.
Your problem is that you don’t know what the price per pound is.
Your solution is using an Excel formula shown below.
Price per pound = Price per metric ton / 2204.622
Put the data into the formula. Price per metric ton in this case 40 200 000 dollars.
Price per pound = 40 200 000 / 2204.622
Click the ‘enter’ button to calculate it and see the result.
18 234.4184 = 40 200 000 / 2204.622
Now use “ROUNDUP” or “ROUNDDOWN” functions in Excel to round it off to two decimal places. It will be your price per pound finally.
18 234.42 ≈ 18 234.4184 = 40 200 000 / 2204.622
So, after using this formula in Excel, you will finally know what the cost per pound is – 18 234.42$.
Price per metric ton to price per pound explanation
To convert price per metric ton to price per pound, you need to follow 3 steps down below:
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Step 1: Firstly, determine the price per metric ton. It is the price per one metric ton you paid for some kind of product.
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Step 2: Next, determine the number of pounds in one metric ton. It is a constant number equal to 2204.622.
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Step 3: Finally, calculate the price per pound by dividing the price per metric ton (step 1) by the number of pounds in one metric ton (step 2). Use the price per metric ton to price per pound formula given below:
Price per pound = Price per metric ton / 2204.622
Price per metric ton to price per pound FAQ
If you need a quick reminder about price per metric to price per pound, here it is. A little FAQ section is below.
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How to convert cost per metric ton to cost per pound? Divide the price per metric ton by the number of pounds in one metric ton to get the price per pound.
Sources:
https://en.wikipedia.org/wiki/Tonne
https://en.wikipedia.org/wiki/Pound_(mass)