Better Buy

Front

What is a unit price?

Back

A unit price is the cost per single unit of measure, which allows consumers to compare prices of different sizes or quantities of products.

Front

How do you calculate the unit price?

Back

To calculate the unit price, divide the total price of the product by the number of units (e.g., ounces, liters) it contains.

Front

Why is it important to compare unit prices?

Back

Comparing unit prices helps consumers determine which product offers the best value for money, allowing for more informed purchasing decisions.

Front

What is the formula for finding the better buy between two products?

Back

The better buy is determined by comparing the unit prices of the two products; the one with the lower unit price is the better buy.

Front

If a product costs $3.00 for 12 ounces, what is the unit price?

Back

The unit price is $0.25 per ounce (calculated as $3.00 ÷ 12 ounces).

Front

What is the better buy: 16 oz of a product for $4.00 or 8 oz for $2.00?

Back

The better buy is the 16 oz product, which has a unit price of $0.25 per ounce compared to $0.25 per ounce for the 8 oz product.

Front

How can bulk buying affect unit prices?

Back

Bulk buying often leads to lower unit prices, as larger quantities typically come with discounts, making them a better deal.

Front

What factors should be considered when determining the better buy?

Back

Factors include unit price, product quality, brand reputation, and any additional costs such as shipping or handling.

Front

What is a common mistake consumers make when comparing prices?

Back

A common mistake is failing to calculate the unit price, leading to poor purchasing decisions based on total price alone.

Front

How does packaging size influence consumer choices?

Back

Packaging size can influence consumer choices by affecting perceived value; larger packages may seem like a better deal, but unit price calculations reveal the true value.