Profit per component produced Calculator

✖Amount Received for Each Component is the amount of money the machine shop receives for machining each component.ⓘ Amount Received For Each Component [S]			+10% -10%
✖Production Cost of Each Component is the total amount that it takes to produce a single component from scratch.ⓘ Production Cost of Each Component [C_pr]			+10% -10%

✖Profit Per Component is the net profit the machine shop makes when it delivers one produced component.ⓘ Profit per component produced [P]

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Formula

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Profit per component produced

Formula

`"P" = "S"-"C"_{"pr"}`

Example

`"5000"="20000"-"15000"`

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Profit per component produced Solution

STEP 0: Pre-Calculation Summary

Formula Used

Profit Per Component = Amount Received For Each Component-Production Cost of Each Component
P = S-C_pr
This formula uses 3 Variables

Variables Used

Profit Per Component - Profit Per Component is the net profit the machine shop makes when it delivers one produced component.
Amount Received For Each Component - Amount Received for Each Component is the amount of money the machine shop receives for machining each component.
Production Cost of Each Component - Production Cost of Each Component is the total amount that it takes to produce a single component from scratch.

STEP 1: Convert Input(s) to Base Unit

Amount Received For Each Component: 20000 --> No Conversion Required
Production Cost of Each Component: 15000 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

P = S-C_pr --> 20000-15000

Evaluating ... ...

P = 5000

STEP 3: Convert Result to Output's Unit

5000 --> No Conversion Required

FINAL ANSWER

5000 <-- Profit Per Component

(Calculation completed in 00.004 seconds)

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Credits

Created by Kumar Siddhant

Indian Institute of Information Technology, Design and Manufacturing (IIITDM), Jabalpur

Kumar Siddhant has created this Calculator and 400+ more calculators!

Verified by Parul Keshav

National Institute of Technology (NIT), Srinagar

Parul Keshav has verified this Calculator and 400+ more calculators!

< 10+ Maximum Efficiency Calculators

Amount Received by Machine Shop given Profit Rate

Go Amount Received For Each Component = (Maximum Profit Rate*Average Production Time)+Production Cost of Each Component

Production Time per component given Profit Rate

Go Average Production Time = (Amount Received For Each Component-Production Cost of Each Component)/Maximum Profit Rate

Cost of Production given Profit Rate

Go Production Cost of Each Component = Amount Received For Each Component-(Maximum Profit Rate*Average Production Time)

Rate of Profit

Go Maximum Profit Rate = (Amount Received For Each Component-Production Cost of Each Component)/Average Production Time

Amount Received by Machine Shop given Profit per Component

Go Amount Received For Each Component = Profit Per Component+Production Cost of Each Component

Cost of Production given Profit per Component

Go Production Cost of Each Component = Amount Received For Each Component-Profit Per Component

Profit per component produced

Go Profit Per Component = Amount Received For Each Component-Production Cost of Each Component

Profit per Component produced given Profit Rate

Go Profit Per Component = Average Production Time*Maximum Profit Rate

Production Time per component given Profit

Go Average Production Time = Profit Per Component/Maximum Profit Rate

Rate of Profit given Profit Per component

Go Maximum Profit Rate = Profit Per Component/Average Production Time

Profit per component produced Formula

Profit Per Component = Amount Received For Each Component-Production Cost of Each Component
P = S-C_pr

Maximum Rate of Profit

If in a Machining Operation, Minimum Production Cost Criteria is chosen, the production time will increase. Similarly, if Minimum Production Time Criteria is chosen, the production cost will increase. To compromise between these two, the Maximum Rate of Profit is considered.

How to Calculate Profit per component produced?

Profit per component produced calculator uses Profit Per Component = Amount Received For Each Component-Production Cost of Each Component to calculate the Profit Per Component, The Profit per component produced is defined as the profit the machine shop makes on delivering a single produced component. Profit Per Component is denoted by P symbol.

How to calculate Profit per component produced using this online calculator? To use this online calculator for Profit per component produced, enter Amount Received For Each Component (S) & Production Cost of Each Component (C_pr) and hit the calculate button. Here is how the Profit per component produced calculation can be explained with given input values -> 5000 = 20000-15000.

FAQ

What is Profit per component produced?

The Profit per component produced is defined as the profit the machine shop makes on delivering a single produced component and is represented as P = S-C_pr or Profit Per Component = Amount Received For Each Component-Production Cost of Each Component. Amount Received for Each Component is the amount of money the machine shop receives for machining each component & Production Cost of Each Component is the total amount that it takes to produce a single component from scratch.

How to calculate Profit per component produced?

The Profit per component produced is defined as the profit the machine shop makes on delivering a single produced component is calculated using Profit Per Component = Amount Received For Each Component-Production Cost of Each Component. To calculate Profit per component produced, you need Amount Received For Each Component (S) & Production Cost of Each Component (C_pr). With our tool, you need to enter the respective value for Amount Received For Each Component & Production Cost of Each Component and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

How many ways are there to calculate Profit Per Component?

In this formula, Profit Per Component uses Amount Received For Each Component & Production Cost of Each Component. We can use 1 other way(s) to calculate the same, which is/are as follows -

Profit Per Component = Average Production Time*Maximum Profit Rate

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