The formula to calculate the Price Per Word (PPW) is:
\[ PPW = \frac{TP}{WC} \]
Where:
Price per word is a common metric used to determine the cost of writing services on a per-word basis. It is particularly useful for writers, editors, and publishers to set fair rates for freelance writing, copywriting, and other content creation services. It allows for a clear understanding of the value of the work based on the volume of content produced.
Let's say the total price (TP) is $200, and the word count (WC) is 4000 words. Using the formula:
\[ PPW = \frac{200}{4000} = 0.05 \]
So, the price per word (PPW) is $0.05.
