Price per pound to price per metric ton calculator
- Price per pound to price per metric ton definition
- Price per pound to price per metric ton formula
- Price per pound to price per metric ton examples
- Price per pound to price per metric ton examples in Excel
- Price per pound to price per metric ton explanation
- Price per pound to price per metric ton FAQ
Price per pound to price per metric ton definition
Price per pound to price per metric ton formula
Where,
Price per metric ton is the price per one metric ton of a particular product,
Price per pound is the price per one pound of this product,
Number of metric tons in one pound is just 0.00045359237.
So, the updated formula looks like this:
Price per metric ton = Price per pound / 0.00045359237
Price per pound to price per metric ton examples
How to calculate price per pound to price per metric ton? We are sure that an example will be the best way to explain it, so have a look.
For instance, you want to buy carbon. The price per pound is about 0.04$. You want to know how much you will pay for a metric ton. So divide the price per pound by the number of metric tons in one pound, that is 0.00045359237.
Solution:
Divide the price per pound by 0.00045359237.
Price per metric ton = Price per pound / 0.00045359237
Put the data in this formula now.
Price per metric ton = 0.04 / 0.00045359237
Calculate the result. It will be better to use a calculator because of the many decimal places.
88.1853656 = 0.04 / 0.00045359237
Now round it off to two decimal places to get the final result, that is the price per metric ton.
88.19 ≈ 88.1853656 = 0.04 / 0.00045359237
So if the price per pound of carbon is about 0.04$, what is the price per metric ton? The price per metric ton is 88.19$.
Price per pound to price per metric ton examples in Excel
There is no need to convert price per pound to price per metric ton on your own. You can make it in Excel, too. You need only one thing – cost per pound to cost per metric ton Excel formula.
For example, the pound of gold costs about 18 200 dollars.
Your problem is that you want to know what the price per metric ton is.
Your solution is a price per pound to price per metric ton Excel formula.
Price per metric ton = Price per pound / 0.00045359237
So put the data into this formula. Your price per pound is 18 200.
Price per metric ton = 18 200 / 0.00045359237
To calculate it, just click the ‘enter’ on your keyboard.
40 124 341.4 = 18 200 / 0.00045359237
Now pick “ROUNDUP” or “ROUNDDOWN” functions in Excel to round it off to two decimal places. Then you will see the price per metric ton.
40 124 341.40 ≈ 40 124 341.4 = 18 200 / 0.00045359237
So thanks to this Excel formula, you know the answer – the price per metric ton is 40 124 341.40 dollars, so about 40.120 million dollars.
Price per pound to price per metric ton explanation
To convert price per pound to price per metric ton, just follow the steps below:
Step 1: First, know the price per pound. It is the price per one pound you paid for some kind of product.
Step 2: Second, know the number of metric tons in one pound. It is a constant number equal to 0.00045359237.
Step 3: Finally, calculate the price per metric ton. Divide the price per pound (step 1) by the number of metric tons in one pound (step 2). Use the price per pound to price per metric ton formula given below:
Price per metric ton = Price per pound / 0.00045359237
Price per pound to price per metric ton FAQ
At the end, you can check how much you remember about price per pound to price per metric ton after reading this article. FAQ section is down below:
How to convert cost per pound to cost per metric ton? Divide the price per metric ton by the number of metric tons in one pound to get the price per pound.
Sources:
https://en.wikipedia.org/wiki/Pound_(mass)
https://en.wikipedia.org/wiki/Tonne