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Add next step in your pricing workflow by sending the item price determined above to a calculator below
This tool will calculate the item price from the total price and quantity of items. It is common practise to split out distinct items into separate line items on invoices and orders. Each line item will include the item price, quantity and total price for each item type.
The formula used by this calculator to determine the item price form the total price for a quantity of items of the same type is:
IP = TP / Q
- IP = Item price
- TP = Total price
- Q = Quantity
This is the price the total measurement or number of a particular item type.
The total price is typically a net price, and any specific quantity discount applicable to the item type is applied at this stage, before being added to other line items or any applicable tax being applied.
The total price may also be called a line item total or item sub-total to distinguish it from the final total on an order or invoice.
This is the count of a distinct item type, or the total measurement, e.g 25 nails, or 10 metres of cable. Only integers or whole numbers are used for counting items.
For a measurement of an item it could be any number, although it may be stipulated that it is necessary to round up to the nearest unit of measurement, e.g. An item with a price of $10/m and a length of 10.4m could cost $104 or $110 depending on whether it is necessary to round up to the nearest 1 metre in length.
This is the price of a single item, or measure of an item such as a unit length e.g. per metre/foot, or unit weight e.g per lb/kg.
Typically item prices are net prices, and exclude discounts and taxes, which are applied later to the total price or the total price of all item types.