Unit pricing is one of the tricks that savvy shoppers use to find true bargain prices. Join the ranks of these bargain hunters and save yourself some cash.
- TIP: The quotient or unit price in the example is $0.96 per pound.
- Step 1: Use the quotient, or unit price, to compare products and find the best price and be on your way to becoming a smarter thriftier shopper.
- FACT: In 1999, airplane contractor McDonnell Douglas filed a case against NASA stating that the disclosure of unit prices, as required by the Freedom of Information Act, would harm their competitive edge.
- Step 2: Round decimal answers to the nearest hundredth, or two decimal places, to find the unit price.
- Step 3: Divide the cost by the total number of units to find the quotient, or answer. Keep track of any decimals points to avoid errors.
- Step 4: Write a division problem by dividing the total cost by the total number of units.
- TIP: For example, a 5-pound bag of apples with a cost of $4.80 would be written as $4.80 divided by five, to find the cost per pound.
- Step 5: Determine the unit you want to find, such as the price per ounce or price per mile.