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The unit price helps you to compare the true cost of an item. Let's say an item is priced $4.00 for a 32oz package, and $2.40 for a 20oz package, it is not readily clear which is a bargain. However the unit price of the 32oz package is 4/32 = 12.5 cents per ounce and the unit price of the 20oz package is 12.0 cents per ounce. If you have a large family and want to buy 160oz of the product, you can buy 160/32 = 5 packages of 32oz which will cost you 160x12.5 = $20 or you can buy 160/20 = 8 packages of 20oz which will cost you 160x12 = $19.20
Thus the unit price will help you determine quickly which package is a better buy.
Wiki User
∙ 9y ago
Wiki User
∙ 9y agoYou use it to compare the relative cost of goods to get the best value for money with goods of comparable quality.
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Why do you divide to find out unit price?
Take the total price and divide it by the number of units, to find out unit price.
What is unit selling price?
In my openion , Unit Selling price is the price per unit or item offered by a Seller to purchaser. IT might be without discount or with discount.
Who invented unit price?
bob
What is the unit rate of 8 matchbox cars for 15.92?
If you divide the price by the number of units purchased, you'll get the price per unit.
What is a linear equation or slope used everyday and in business?
A linear equation may be used to convert a unit price to a price for the quantity that you want. For example, if one bottle of drink costs C units then (at that same price) 5 bottles will cost 5*C units. It is used in the same way by businesses.
Where can you get the price of a used gun?
In a Gun Shop
What is a unit rate used to compare prices?
A unit rate used to compare prices is called a [UNIT PRICE]
What is a unit rate used to compare prices called?
unit price
What does unit price?
Usually stated as price per unit: This is a generic term that is used by all levels of purchasing, manufacturing and sales in business. The Sales department will most commonly use price per unit (or unit price) but not exclusively. It just means what the price is per individual item be it a transistor, bag of peas or a 737 aircraft.
What is the unit price of diamorphine?
what is the unit price of diamorphine
What is the price of a single item or amount called?
unit price
Where to buy a used climate control unit?
try eBay, or your local Indy shop
What is the unit price?
Unit price is how much you sell an item for.
What does unit priced mean?
Usually stated as price per unit: This is a generic term that is used by all levels of purchasing, manufacturing and sales in business. The Sales department will most commonly use price per unit (or unit price) but not exclusively. It just means what the price is per individual item be it a transistor, bag of peas or a 737 aircraft.
What is usable unit price?
Price for foodstuffs etu, stated of shown as the cost per unit as per pound per kilogram.
What is the full form of USP as used to describe the USP of a product?
unit selling price
What is a unit price?
Unit price is a valuation method for buyers who purchase bulk
