How this number is made
Price per use is the price divided by how often you will actually use the thing. A cheap object used once can cost more per use than an expensive one used for years. The hard part is the honest count.
- Uses are your forecast, not the manufacturer’s.
- Include repairs in the price if you already know them.
Formula
Cost per use = price ÷ uses.
Worked example
With the figures already in the form, cost each time is $2.25.
Questions
What if I resell it?
Subtract the resale you believe from the price first. A resale you only hope for does not belong in the price.
Does this include the time?
No. It is money per use.