The formula to calculate the cost per cup of coffee is:
\[ \text{Cost Per Cup} = \frac{\text{Total Cost}}{\text{Number of Servings per Pack}} \]
Where:
Cost per cup is a way to measure the expense of each individual serving of coffee from a larger purchase. This is useful for budgeting, cost analysis, and price comparison between different brands or sizes of coffee packs. It can also be helpful for businesses that need to price their coffee servings appropriately to cover costs and make a profit.
Consider an example where:
Using the formula to calculate the cost per cup:
\[ \text{Cost Per Cup} = \frac{15.00}{30} = 0.50 \text{ per cup} \]
This means that the cost per cup for this example is $0.50 per cup.
