The Power of Phosphoric Acid: Calculating Total Value

How can we calculate the total value of phosphoric acid produced in the US?

Considering that the US produced 18.4 billion pounds of phosphoric acid at an average cost of $318 per ton.

Calculating the Total Value of Phosphoric Acid

To calculate the total value of phosphoric acid, we need to convert the amount from pounds to tons and multiply by the cost per ton.

Phosphoric acid is a key component in the production of fertilizers, food additives, and other industrial applications. The US produced a substantial amount of 18.4 billion pounds of phosphoric acid, highlighting the importance of this chemical compound in various industries.

By converting the pounds to tons, we can determine the total value of phosphoric acid produced. Since the cost is given in dollars per ton, we first need to convert the weight from pounds to tons. There are 2000 pounds in one ton, so 18.4 billion pounds is equivalent to 9.2 million tons.

Next, we multiply the number of tons of phosphoric acid by the average cost per ton to find the total value. In this case, 9.2 million tons multiplied by $318 per ton equals $2,925,600,000.

Therefore, the total value of the phosphoric acid produced in the US amounts to an impressive $2,925,600,000. This calculation demonstrates the significant economic value and impact of phosphoric acid production on the market.