The formula to calculate the Cost Per Jelly Bean is:
\[ CPJ = \frac{CP}{JB} \]
Where:
Cost per jelly bean is a measure of the average cost someone spends on one jelly bean. It is calculated by dividing the cost of the package by the number of jelly beans in that package. This helps in understanding the value for money when purchasing jelly beans.
Let's assume the following values:
Using the formula:
\[ CPJ = \frac{10}{200} = 0.05 \text{ $/jelly bean} \]
The Cost Per Jelly Bean (CPJ) is $0.05 per jelly bean.