The formula to calculate the Concrete Price is:
\[ CP = \frac{PA}{WC} \]
Where:
Concrete price is the cost per unit weight of concrete, typically expressed in dollars per pound. It is calculated by dividing the total purchase amount by the weight of the concrete.
Let's assume the following values:
Using the formula to calculate the concrete price:
\[ CP = \frac{500}{200} = 2.50 \text{ $/lb} \]
The concrete price is $2.50 per lb.