Price Per Frame Formula:
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Price Per Frame (PPF) is a financial metric used to determine the cost of individual frames when purchased in bulk. It helps in comparing pricing across different suppliers and quantities.
The calculator uses the PPF formula:
Where:
Explanation: This simple division gives you the individual cost of each frame, making it easier to compare prices and budget accurately.
Details: Calculating PPF is essential for budgeting, cost comparison, inventory management, and determining profit margins in framing businesses.
Tips: Enter the total cost of your frame purchase and the number of frames. Both values must be positive numbers (cost > 0, frames ≥ 1).
Q1: Why calculate price per frame instead of using total cost?
A: PPF allows for accurate comparison between different purchase options and quantities, helping you identify the best value.
Q2: Should I include shipping costs in the total?
A: Yes, for an accurate PPF calculation, include all associated costs like shipping, taxes, and any additional fees.
Q3: How does bulk purchasing affect PPF?
A: Typically, purchasing more frames reduces the PPF due to volume discounts, though this isn't always the case.
Q4: Can PPF be used for different frame types/sizes?
A: Yes, but for accurate comparisons, ensure you're comparing similar frame types, sizes, and quality levels.
Q5: How often should I recalculate PPF?
A: Recalculate whenever prices change, you switch suppliers, or purchase different quantities to maintain accurate costing.