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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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