Comparison Shopping

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What is Comparison Shopping?

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Comparison shopping is the practice of comparing prices and features of similar products from different retailers to find the best deal.

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What is a Unit Price?

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A unit price is the cost per unit of measure (e.g., per ounce, per pound) that allows consumers to compare prices of products sold in different quantities.

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How do you calculate the unit price?

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

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If a 12 oz product costs $1.32, what is the unit price?

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The unit price is $1.32 / 12 oz = $0.11 per oz.

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If a 16 oz product costs $1.49, what is the unit price?

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The unit price is $1.49 / 16 oz = $0.09 per oz.

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Which is the better buy: $1.32 for 12 oz or $1.49 for 16 oz?

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$1.49 for 16 oz is the better buy because it has a lower unit price.

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What is the importance of comparing unit prices?

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Comparing unit prices helps consumers make informed decisions and save money by identifying the best value.

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If a 20-slice package of bread costs $1.49 and a 12-slice package costs $0.85, which is the better buy?

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The 12-slice package is the better buy based on unit price.

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What does it mean if two products have the same unit price?

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If two products have the same unit price, it means they cost the same per unit of measure, and the consumer can choose based on other factors like quantity or brand.

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If a 5-pound steak costs $23.95 and a 3-pound steak costs $14.37, what should you consider when buying?

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Consider the amount you need; both have the same unit price.