per unit price formula

per unit price formula is a mathematical equation used to calculate the cost of a single unit of a product based on its total cost. To determine the per-unit price, divide the total cost of production, including materials, labor, and overhead, by the number of units produced. This formula is crucial for businesses to price their products competitively and ensure profitability. Understanding the per-unit price also helps in managing inventory and making decisions about wholesale or retail pricing strategies.