Use Unit Pricing . . . Food is a large part of a family budget. To make the best choices and to get the most for your money, it is important to compare the price, amount, and quality of similar products. Unit pricing can help. The unit price tells you the costs "unit' (such as per ounce, per pound, per sheet) to buy the product. It's easy to find the unit prices of some items. It may be marked on a sign near the item. For example:
Unit pricing is most helpful when the price per
unit isn't so clear. Let's look at an example. Your favorite brand of corn flakes is sold
in three different sizes. Which one is the best buy? Unit pricing helps. (In this case, the unit price is the price per ounce) To figure the unit price, divide the price by the number of units (in this example, it's the number of ounces):
Compare the unit price of each package. Which cost less per unit? In this example, the 20-ounce package is the best buy because it cost less per ounce. Remember, the larger the package is not always the best buy. It pays to know the unit price.
Corn flakes are also sold in the bulk food section for $1.44 per pound (one pound = 16 ounces). Divide $1.44 by 16 and you know the cost per ounce is 9 cents. ($1.44 / 16 = $.09). How does the unit price of the boxed corned flakes compare with the unit price of the corn flakes sold in the bulk food section? In this example, the unit price shows that corn flakes from the bulk food section are the better buy. When you know the unit price, you can compare similar products of different sizes. Many states require supermarkets to mark the unit price on the shelves or the price tags. Other states may require that the information given be correct and easy to understand. If you find that a label or tag is missing or is incorrect, report it to the store manager immediately. Unit price labels may look like these:
What You Can Do:
Try another example of using unit pricing: There are three different packages of lunch bags. The 25-bag package is $1.50. The 75-bag package is $3.00. The 125-bag package is $3.75. What is the unit price for each? Which is the best buy? Click here for the answers. Department of Consumer Protection, Weights and Measures, 112 East Post Road, White Plains, NY 10601. (914) 995-2179. |
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