Compare Products and Price

Post date: Sep 04, 2018 9:24:31 PM

Compare Products, Prices and utilize the Unit Pricing System

Getting the Best Value When Buying Food

Food is a significant part of most household budgets, so making informed purchasing decisions can help you get the most value for your money. One of the best ways to compare products is to consider price, quantity, and quality rather than simply choosing the largest package or the lowest advertised price.

Use Unit Pricing to Compare Products

Unit pricing is a valuable tool that allows consumers to compare the cost of similar products based on a common unit of measurement, such as per ounce, per pound, per quart, or per sheet.

By comparing the unit prices of similar products, you can determine which package offers the better value.

Example

Suppose potato salad at the deli is priced at $2.78 per pound. If you purchase 2 pounds, the cost would be:

2 pounds × $2.78 = $5.56

Knowing the unit price makes it easier to compare products sold in different package sizes. You may discover that the larger package is not always the best value.

Consumer Tips

• Look for the unit price. It may appear on the shelf label, price tag, or sign near the product.

• Compare similar products. Use the unit price rather than the package price to make an accurate comparison.

• Check different package sizes. A larger package does not necessarily mean a lower cost per unit.

• Consider quality and quantity. The lowest unit price may not always represent the best overall value if the products are not comparable.

• Do the math when necessary. If a unit price is not provided, calculate the cost per common unit so you can make a fair comparison.

Remember

The package price tells you what you will pay. The unit price helps you determine what you are getting for your money.