Paper Pricing Using M Sheet and CWT Pricing

+ Paper Pricing Using M Sheet and CWT Pricing Formulas to Calculate the Price of Paper

Learning Goals After completing the activities in this slideshow lecture you should be able to… 1. Calculate the number of sheets needed for a job based on job specifications 2. Understand what CWT Pricing is and what CWT stands for 3. Understand what M Sheet Pricing is 4. Use the CWT and M Sheet pricing formulas to calculate paper prices 5. Calculate the # of sheets needed for a job (based on # out), the weight of paper required, and the paper price as one problem

Steps for Calculating Paper Prices (CWT vs M Sheet) 1. How many sheets of paper are needed to produce the job? 2. How much does the paper weigh? 3. What is the price of the paper based on its weight (CWT) or based on the number of sheets needed (M sheet)?

How Many Sheets Are Needed? How many sheets of paper are needed to produce a job? The first step in calculating the price of paper (whether you are using CWT or M Sheet pricing) is to establish how many sheets are needed to produce the job. The formula for calculating # of sheets needed is… Quantity being produced # out per sheet = Total number of sheets needed Always round up the number of sheets needed to the next whole number. We can’t purchase partial sheets and we can’t round down or our final quantity produced will not be fulfilled.

How Many Sheets Are Needed? Steps for Calculating # Out Per Sheet: Use the same steps for calculating # out in a shipping container for calculating the # out of a press sized printing sheet. (Slides 8 -12 from the Packaging & Shipping Lecture)

How Many Sheets Are Needed? Steps for Calculating # Out Per Sheet: Calculating the Number Out within a 2 D Surface: When calculating how many will fit out you must test your printed item size against the sheet 2 D surface size two times. We first test it as if the objects are placed horizontally and then we test it with the objects placed vertically. For example, if we wanted to see how many 5 in x 7 in post cards will fit on one 23 in x 35 in press size sheet (PSS), we must see how many 5 in x 7 in cards fit on the 23 in x 35 in sheet and then test the cards as 7 in x 5 in going on to a 23 in x 35 in surface reversing the orientation. We are in essence rotating the cards 90 degrees to see if more will fit that direction/orientation.

How Many Sheets Are Needed? Formula For Calculating Number Out (you must always test it 2 ways!) Test Option 1: Paper Size Length x Item to be printed size length Paper Size Width = Item to be printed size width Test Option 2: Paper Size Length Item to be printed size width x Paper Size Width Item to be printed size length = Take the whole number result of each division problem (disregard the decimals… we can only print whole items) and multiply them together. This will be the total number of items that fit out in the box.

How Many Sheets Are Needed? Test Option 1: How many 5 in x 7 in post cards can we get out of a 23 in x 35 in sheet of paper (PSS)? Test Option 1: 23 in 35 in x 5 in = Option 1= 4. 6 x 5 or 4 x 5 since we only use the whole number. 7 in 4 x 5= 20 out (We can fit 20 5 in x 7 in postcards on one 23 in x 35 in sheet of paper) 23 in 35 in 20 out = 23 in x 35 in press sheet (PSS) = 5 in x 7 in post cards

How Many Sheets Are Needed? Test Option 2: How many 7 in x 5 in post cards can we get out of a 35 in x 23 in sheet of paper (PSS)? Test Option 2: 23 in 35 in x 7 in = Option 2= 3. 29 x 7 or 3 x 7 since we only use the whole number. 5 in 3 x 7= 21 out (We can fit 21 5 in x 7 in postcards on one 23 in x 35 in sheet of paper) 23 in 35 in 21 out = 23 in x 35 in press sheet (PSS) = 7 in x 5 in post cards

How Many Sheets Are Needed? How many sheets of paper are needed to produce a job? Once we have calculated the total number of units that can be printed on one press sized sheet (PSS), we can finish the formula for calculating the total number of sheets needed. That formula is… Quantity being produced # out per sheet = Total number of sheets needed Always round up the number of sheets need to the next whole number. We can’t purchase partial sheets and we can’t round down or our final quantity produced will not be fulfilled.

How Many Sheets Are Needed? How many 23 in x 35 in PSS are needed to print 1, 500, 000 5 in x 7 in post cards? 1, 500, 000 post cards 21 post cards per sheet = 71, 428. 5714 sheets are needed Always round up the number of sheets need to the next whole number. We can’t purchase partial sheets and we can’t round down or our final quantity produced will not be fulfilled. 71, 429 sheets need to be purchased (We calculated 21 out on SLIDE 9)

Steps for Calculating Paper Prices (CWT vs M Sheet) 1. How many sheets of paper are needed to produce the job? 2. How much does the paper weigh? 3. What is the price of the paper based on its weight (CWT) or based on the number of sheets needed (M sheet)?

How Much Does the Paper Weigh? Steps for Calculating the Weight of Paper: Use the same steps for calculating the weight of paper that we used during the Paper Weights lecture (Slides 22 -25).

How Much Does the Paper Weigh? The weight of paper is calculated using a very specific formula. Use the following formula to calculate the weight of paper. This formula requires the user to know the following information: 1. How many sheets of paper do you need? 2. What size paper are your purchasing? 3. What is the basic size of the paper you are purchasing? 4. What is the basis weight of the paper you are purchasing? If you do not know this information or are not given this information you must calculate it.

How Much Does the Paper Weigh? Formula for Calculating Paper Weight: Your paper size Basic paper size x This is the only value in the equation that does not change. It will always be 500. We divide by 500 because the basis weight is the weight of 500 sheets. # of sheets 500 x Basis Weight = Total Weight of Paper

How Much Does the Paper Weigh? Let’s continue our example from the previous slides. How much does 71, 429 sheets of 23 in x 35 in 80# opaque text weigh? 23 x 35 25 x 38 x 71, 429 sheets 500 sheets x 80# = Total Weight of Paper 23 x 35 is the size of paper we are purchasing 25 x 38 is the basic size of opaque stock (see your notes from the Paper Weights lecture) 71, 429 is the number of sheets and 80# is the basis weight of the paper we’re purchasing Do not round any values until you have found the final answer. Some of the values will be very long decimals. DO NOT ROUND THEM! Round the final weight to 2 decimal places. This example is unique. By rounding to 2 decimal places the answer becomes a whole number.

Paper Weight Let’s try another example together. How much does 117, 000 sheets of 24 in x 36 in 80# Gloss Coated Cover weight?

Paper Weight Let’s try an example together. How much does 117, 000 sheets of 24 in x 36 in 80# Gloss Coated Cover weight? 24 x 36 20 x 26 864 520 1. 66153846 x 117, 000 sheets 500 sheets x 80# = Total Weight of Paper x 234 x 80# = 31, 103. 9989 lbs. or 31, 104 lbs. Do not round any values until you have found the final answer. Some of the values will be very long decimals. DO NOT ROUND THEM! Round the final weight to 2 decimal places.

Steps for Calculating Paper Prices (CWT vs M Sheet) 1. How many sheets of paper are needed to produce the job? 2. How much does the paper weigh? 3. What is the price of the paper based on its weight (CWT) or based on the number of sheets needed (M sheet)?

CWT Pricing is the pricing of paper 100 lbs. C stands for 100 and WT standards for weight. The formula for calculating paper based on the CWT (Hundred Weight Pricing) is… # of lbs of paper being purchased 100 x CWT Pricing = Total price of paper being purchased

CWT Pricing Let’s calculate the price of paper for the example we’ve been using in the previous slide. How much does 9, 684. 27 lbs of paper cost at $104. 25/CWT? 9, 684. 27 lbs of paper 100 x $104. 25 = $10, 095. 85

CWT Pricing Try this next example on your own… Gavin is purchasing 100, 000 lbs of 80 lb Husky Offset Text. The stock is priced at $65. 19/CWT. How much will Gavin pay?

CWT Pricing ANSWER Try this next example on your own… Gavin is purchasing 100, 000 lbs of 80 lb Husky Offset Text. The stock is priced at $65. 19/CWT. How much will Gavin pay? 100, 000 lbs of paper 100 lbs x $65. 19/CWT = $65, 190

M Sheet Pricing is the pricing of paper 1000 sheets. M stands for 1000 in the metric system. The formula for calculating paper based on M Sheet pricing is… # of sheets being purchased 1000 sheets x M Sheet Pricing = Total price of paper being purchased

M Sheet Pricing Let’s calculate the M Sheet price for the paper from the previous example. How much will it cost for 71, 429 sheets of 23 x 35 80# Husky Offset if the M Sheet price is $912/M. 71, 429 sheets 1000 sheets x $912/M = $65, 143. 25

M Sheet Pricing Try this next example on your own. . Anita is purchasing 250, 000 sheets of 80 lb Husky Offset Text. The stock is priced at $294/M. How much will Anita pay?

M Sheet Pricing ANSWER Try this next example on your own. . Anita is purchasing 250, 000 sheets of 80 lb Husky Offset Text. The stock is priced at $294/M. How much will Anita pay? 250, 000 sheets 1000 sheets x $294/M = $73, 500

Putting It All Together This next example puts everything from this week’s lecture into one problem. Try this on your own and then proceed to the next slide to see the answer breakdown. Samantha wants to print 75, 000 4 in x 6 in playing cards. She’s planning to purchase 19 in x 25 in sheets of 70# gloss text. It sells for $61/CWT. 1. How many playing cards will fit on one PSS? 2. How many sheets of 19 in x 25 in paper does she need to purchase? 3. How much will that paper weigh? 4. How much will it cost?

Putting It All Together ANSWER Samantha wants to print 75, 000 4 in x 6 in playing cards. She’s planning to purchase 19 in x 25 in sheets of 70# gloss text. It sells for $61/CWT. 1. How many playing cards will fit on one PSS? 18 out (see next slide for answer breakdown) 2. How many sheets of 19 in x 25 in paper does she need to purchase? 3. How much will that paper weigh? 4. How much will it cost?

Putting It All Together Test Option 1: 19 in x 4 in 25 in = Option 1= 4. 75 x 4. 16 or 4 x 4 since we only use the whole number. 6 in 4 x 4= 16 out (We can fit 16 4 in x 6 in playing cards on one 19 in x 25 in sheet of paper) 19 in 25 in 16 out = 19 in x 25 in press sheet (PSS) = 4 in x 6 in playing cards

Putting It All Together Test Option 2: 19 in x 6 in 25 in = Option 2= 3. 16 x 6. 25 or 3 x 6 since we only use the whole number. 4 in 3 x 6= 18 out (We can fit 18 4 in x 6 in playing cards on one 19 in x 25 in sheet of paper) 19 in 25 in 18 out = 19 in x 25 in press sheet (PSS) = 4 in x 6 in playing cards

Putting It All Together ANSWER Samantha wants to print 75, 000 4 in x 6 in playing cards. She’s planning to purchase 19 in x 25 in sheets of 70# gloss text. It sells for $61/CWT. 1. How many playing cards will fit on one PSS? 2. How many sheets of 19 in x 25 in paper does she need to purchase? 4, 167 for answer breakdown) 3. How much will that paper weigh? 4. How much will it cost? sheets (see next slide

Putting It All Together 75, 000 playing cards 18 cards per PSS = 4, 166. 66667 (press size sheet) Always round up the number of sheets need to the next whole number. We can’t purchase partial sheets and we can’t round down or our final quantity produced will not be fulfilled. 4, 167 sheets need to be purchased

Putting It All Together ANSWER Samantha wants to print 75, 000 4 in x 6 in playing cards. She’s planning to purchase 19 in x 25 in sheets of 70# gloss text. It sells for $61/CWT. 1. How many playing cards will fit on one PSS? 2. How many sheets of 19 in x 25 in paper does she need to purchase? 3. How much will that paper weigh? 291. 69 4. How much will it cost? lbs (see next slide for answer breakdown)

Paper Weight 19 x 25 25 x 38 475 950. 5 x 4, 167 sheets 500 x 70# = Total Weight of Paper x 8. 334 x 70# = 291. 69 lbs Do not round any values until you have found the final answer. Some of the values will be very long decimals. DO NOT ROUND THEM! Round the final weight to 2 decimal places.

Putting It All Together ANSWER Samantha wants to print 75, 000 4 in x 6 in playing cards. She’s planning to purchase 19 in x 25 in sheets of 70# gloss text. It sells for $61/CWT. 1. How many playing cards will fit on one PSS? 2. How many sheets of 19 in x 25 in paper does she need to purchase? 3. How much will that paper weigh? 4. How much will it cost? $177. 93 (see next slide for answer breakdown)

CWT Pricing 291. 69 lbs of paper 100 lbs. x $61/CWT = $177. 93

Putting It All Together ANSWER RECAP Samantha wants to print 75, 000 4 in x 6 in playing cards. She’s planning to purchase 19 in x 25 in sheets of 70# gloss text. It sells for $61/CWT. 1. How many playing cards will fit on one PSS? 18 out 2. How many sheets of 19 in x 25 in paper does she need to purchase? 4, 167 sheets 3. How much will that paper weigh? 291. 69 lbs 4. How much will it cost? $177. 93

+ What’s Next? HW: Paper Pricing Q: Paper Pricing