The formula to calculate the Price Per Performance (PPP) is:
\[ PPP = \frac{P}{PER} \]
Where:
Price per performance is a measure of the cost efficiency of a product or service. It is calculated by dividing the total price by the total performance or number of performances. This metric helps in understanding the value for money provided by the product or service.
Example 1:
Using the formula:
\[ PPP = \frac{1000}{50} = 20 \text{ dollars per performance} \]
Example 2:
Using the formula:
\[ PPP = \frac{1500}{75} = 20 \text{ dollars per performance} \]
