Material Cost Ratio Calculator

✖The Cross-Sectional Area of Material 2 is the area of cross section of a material say steel member.ⓘ Cross-Sectional Area of Material 2 [A₂]			+10% -10%
✖The Cross-Sectional area of Material 1 is the area of cross section of a material say steel member.ⓘ Cross-Sectional Area of Material 1 [A₁]			+10% -10%
✖Material Cost p2 is the material price per unit weight. It is the cost of materials used to manufacture a product or provide a service.ⓘ Material Cost p2 [P₂]			+10% -10%
✖Material Cost p1 is the material price per unit weight. It is the cost of materials used to manufacture a product or provide a service.ⓘ Material Cost p1 [P₁]			+10% -10%

✖Relative Cost is the cost of a good or service in relation to the prices of other goods and services.ⓘ Material Cost Ratio [C2_/C1]

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Material Cost Ratio Solution

STEP 0: Pre-Calculation Summary

Formula Used

Relative Cost = (Cross-Sectional Area of Material 2/Cross-Sectional Area of Material 1)*(Material Cost p2/Material Cost p1)
C2_/C1 = (A₂/A₁)*(P₂/P₁)
This formula uses 5 Variables

Variables Used

Relative Cost - Relative Cost is the cost of a good or service in relation to the prices of other goods and services.
Cross-Sectional Area of Material 2 - (Measured in Square Meter) - The Cross-Sectional Area of Material 2 is the area of cross section of a material say steel member.
Cross-Sectional Area of Material 1 - (Measured in Square Meter) - The Cross-Sectional area of Material 1 is the area of cross section of a material say steel member.
Material Cost p2 - Material Cost p2 is the material price per unit weight. It is the cost of materials used to manufacture a product or provide a service.
Material Cost p1 - Material Cost p1 is the material price per unit weight. It is the cost of materials used to manufacture a product or provide a service.

STEP 1: Convert Input(s) to Base Unit

Cross-Sectional Area of Material 2: 720000 Square Millimeter --> 0.72 Square Meter (Check conversion here)
Cross-Sectional Area of Material 1: 600000 Square Millimeter --> 0.6 Square Meter (Check conversion here)
Material Cost p2: 25 --> No Conversion Required
Material Cost p1: 26 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

C2_/C1 = (A₂/A₁)*(P₂/P₁) --> (0.72/0.6)*(25/26)

Evaluating ... ...

C2_/C1 = 1.15384615384615

STEP 3: Convert Result to Output's Unit

1.15384615384615 --> No Conversion Required

FINAL ANSWER

1.15384615384615 ≈ 1.153846 <-- Relative Cost

(Calculation completed in 00.004 seconds)

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Created by M Naveen

National Institute of Technology (NIT), Warangal

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Verified by Chandana P Dev

NSS College of Engineering (NSSCE), Palakkad

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< Economical Structural Steel Calculators

Cross-Sectional Area1 given Material Cost Ratio

LaTeX Go Cross-Sectional Area of Material 1 = (Cross-Sectional Area of Material 2*Material Cost p2)/(Relative Cost*Material Cost p1)

Material Price p1 given Material Cost Ratio

LaTeX Go Material Cost p1 = (Cross-Sectional Area of Material 2*Material Cost p2)/(Relative Cost*Cross-Sectional Area of Material 1)

Material Cost Ratio

LaTeX Go Relative Cost = (Cross-Sectional Area of Material 2/Cross-Sectional Area of Material 1)*(Material Cost p2/Material Cost p1)

Cross-Sectional Area2 given Material Cost Ratio

LaTeX Go Cross-Sectional Area of Material 2 = (Relative Cost*Cross-Sectional Area of Material 1*Material Cost p1)/Material Cost p2

Material Cost Ratio Formula

LaTeX Go

Relative Cost = (Cross-Sectional Area of Material 2/Cross-Sectional Area of Material 1)*(Material Cost p2/Material Cost p1)
C2_/C1 = (A₂/A₁)*(P₂/P₁)

What is Material Cost Ratio?

The Material Cost Ratio can be defined as the relative cost based on cross-sectional areas and prices of material.

How to Calculate Material Cost Ratio?

Material Cost Ratio calculator uses Relative Cost = (Cross-Sectional Area of Material 2/Cross-Sectional Area of Material 1)*(Material Cost p2/Material Cost p1) to calculate the Relative Cost, The Material Cost Ratio formula is defined as the relative cost based on cross-sectional areas and prices of material. Relative Cost is denoted by C2_/C1 symbol.

How to calculate Material Cost Ratio using this online calculator? To use this online calculator for Material Cost Ratio, enter Cross-Sectional Area of Material 2 (A₂), Cross-Sectional Area of Material 1 (A₁), Material Cost p2 (P₂) & Material Cost p1 (P₁) and hit the calculate button. Here is how the Material Cost Ratio calculation can be explained with given input values -> 1.153846 = (0.72/0.6)*(25/26).

FAQ

What is Material Cost Ratio?

The Material Cost Ratio formula is defined as the relative cost based on cross-sectional areas and prices of material and is represented as C2_/C1 = (A₂/A₁)*(P₂/P₁) or Relative Cost = (Cross-Sectional Area of Material 2/Cross-Sectional Area of Material 1)*(Material Cost p2/Material Cost p1). The Cross-Sectional Area of Material 2 is the area of cross section of a material say steel member, The Cross-Sectional area of Material 1 is the area of cross section of a material say steel member, Material Cost p2 is the material price per unit weight. It is the cost of materials used to manufacture a product or provide a service & Material Cost p1 is the material price per unit weight. It is the cost of materials used to manufacture a product or provide a service.

How to calculate Material Cost Ratio?

The Material Cost Ratio formula is defined as the relative cost based on cross-sectional areas and prices of material is calculated using Relative Cost = (Cross-Sectional Area of Material 2/Cross-Sectional Area of Material 1)*(Material Cost p2/Material Cost p1). To calculate Material Cost Ratio, you need Cross-Sectional Area of Material 2 (A₂), Cross-Sectional Area of Material 1 (A₁), Material Cost p2 (P₂) & Material Cost p1 (P₁). With our tool, you need to enter the respective value for Cross-Sectional Area of Material 2, Cross-Sectional Area of Material 1, Material Cost p2 & Material Cost p1 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 Relative Cost?

In this formula, Relative Cost uses Cross-Sectional Area of Material 2, Cross-Sectional Area of Material 1, Material Cost p2 & Material Cost p1. We can use 3 other way(s) to calculate the same, which is/are as follows -

Relative Cost = (Yield Stress 1/Yield Stress 2)*(Material Cost p2/Material Cost p1)
Relative Cost = (Material Cost p2/Material Cost p1)*(Yield Stress 1/Yield Stress 2)^(2/3)
Relative Cost = (Material Cost p2/Material Cost p1)*(Yield Stress 1/Yield Stress 2)^(1/2)

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