Cost per Litre Formula:
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Definition: This calculator determines the price per litre of a liquid product based on its total cost and volume.
Purpose: It helps consumers and businesses compare product prices and make informed purchasing decisions.
The calculator uses the formula:
Where:
Explanation: The total cost is divided by the volume to determine the price per single litre.
Details: Calculating cost per litre allows for accurate price comparisons between different sized containers and brands.
Tips: Enter the total product cost in dollars and the volume in litres. All values must be > 0.
Q1: Why calculate cost per litre instead of just comparing package prices?
A: Different products come in different sizes - cost per litre standardizes comparison across all package sizes.
Q2: Can I use this for other units like gallons?
A: Yes, but ensure both cost and volume use consistent units (e.g., cost per gallon using total cost and volume in gallons).
Q3: Should I include taxes in the total cost?
A: For accurate comparisons, include all costs (base price + taxes + fees) that contribute to the final amount you pay.
Q4: How precise should my volume measurement be?
A: Use the exact volume stated on the packaging for most accuracy, or measure carefully if dealing with bulk liquids.
Q5: Does this work for solid products sold by volume?
A: Yes, you can use it for any product sold by liquid volume measurement (e.g., cleaning products, beverages, oils).