Ammonium Nitrate Cost
Start by calculating the cost of nitrogen per pound for ammonium nitrate.
- 35% is equivalent to 0.35, and a ton is equivalent to 2000 lb. Therefore, ammonium nitrate contains 0.35 N and costs $550 per 2000 lb.
- Multiply 0.35 N by 2000 lb to get the total amount of nitrogen in pounds: 700 lb of N.
- Divide $550 (the cost per 2000 lb) by 700 lb to get the cost of nitrogen per pound: $0.79 per lb of N.