Platinum Price Calculator

Formula

The formula to calculate the Platinum Price (PP) is:

\[ PP = \frac{PA}{WP} \]

Where:

$ PP $ is the Platinum Price ($/kg)
$ PA $ is the purchase amount ($)
$ WP $ is the weight of platinum (kg)

What is Platinum Price?

Platinum Price is the cost per kilogram of platinum. It is calculated by dividing the total purchase amount by the weight of the platinum. This metric is important for buyers and sellers to determine the value of platinum transactions.

Example Calculation

Let's assume the following values:

Purchase Amount (PA) = $5,000
Weight of Platinum (WP) = 2 kg

Using the formula to calculate the platinum price:

\[ PP = \frac{5000}{2} = 2500 \]

The Platinum Price (PP) is $2,500 per kg.