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Personal Finance: Lesson #4 Unit Pricing

A wise shopper always
Compares prices
Goes to more than one store
Finds the best value for the item they want in the quantity they need
Ignores consumer reports and advice from others
Unit Pricing is based on
The price per ounce, pound, or gallon
Doesn't exist in the metric system
Is based in weight, liquid measure, count, or area
The cost per each of something
If hamburger costs $5.95 per pound for lean meat, how would you calculate the cost of 5 pounds?
Multiply 5 x $5.95
Divide $5.95 by 5
Multiply by decimals
Divide by percentages
How would you figure the cost per pi;l for a bottle of 300 aspirin selling for $2.49?
Divide 300 into $2.49 300/2.49
Divide $2.49 into 300 2.49/300
Divide 300 into 1
Multiply $2.49 x 300
Which of these product is sold by the square foot?
Shampoo
Tin Foil
A cluster of grapes
A sack of potatoes
Which of these product is sold by the liquid ounce?
Shampoo
Dish soap
Butter
Bread
Which of these items are sold by weight?
Potatoes
Broccolli
Bars of soap
Paper towels
Which of these items are sold by pints, quarts or gallons?
Whipping cream
Milk
Juice
Gasoline
Most grocery stores are required to place the unit price of the item on their shelves
True
False
Prices of some items like gasoline can vary from state to state
True
False
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