Comparing Prices

What is the point of comparing prices?

• To figure out how you can get the most value for your money.

• To figure out how much of a certain item you need.

• To figure out how much money you need to spend.

• To figure out why some items are expensive and others are cheap.

Which of the following is the most important piece of information to consider when comparing prices?

• The wholesale price of the item you want to buy

• The average price of the two items you are comparing

• The amount of income you have

• The price per unit of the items you are comparing

In which instance can you not really compare prices?

• When similar items are packaged in different size containers

• When items are sold in bulk

• When you're comparing two completely different items, like apples and MP3 players

• When you're shopping for items on the internet

Which of these is the best deal?

• 10 plastic cups for $2

• 6 plastic cups for $1

• 15 plastic cups for $3

• 5 plastic cups for $1.50

Which of these is the best deal? {Note: there are 2 pints in a quart, and 4 quarts in a gallon}

• 473mL of milk for 50 cents

• 946mL of milk for $1

• 2L of milk for $1.50

• 4L of milk for $2

Which is the best buy: A package of 25 cookies that cost $2.50, a package of 50 cookies that cost $5, or a package of 100 cookies that cost $10

• The $2.50 package

• The $5.00 package

• The $10.00 package

• The price per cookie is the same in each package

Put the following in the correct sequence: A) Make sure the items are comparable; B) Find the cost per unit; C) Compare the cost per unit prices

• B, C, A

• C, A, B

• A, B, C

• A, C, B

What is the most likely reason why someone might not choose the best deal between two options?

• Spending more money than necessary makes people feel good.

• The best deal would save the buyer the most money

• It may be cheaper to buy in large quantities, but you may only need a small quantity

• Expensive items are almost always better than cheaper items