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Math is Fun
mathsisfun.com › measure › unit-price.html
Unit Price
So the lowest Unit Price (and the best bargain) is 1.5 liters at $2.70. But it does not tell us the quality of what we are buying, but it can help us make a decision. If something is sold in number of items (for example "10 pencils") then the ...

average price of a product

A product's average price is the result of dividing the product's total sales revenue by the total units sold. When one product is sold in variants, such as bottle sizes, managers must … Wikipedia
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Wikipedia
en.wikipedia.org › wiki › Unit_price
Unit price - Wikipedia
3 weeks ago - Price per unit metrics allow marketers to "calculate meaningful average selling prices within a product line that includes items of different sizes." Many brands or product lines include multiple models, versions, flavors, colors, sizes, or — more generally – stock-keeping units (SKUs). Brita water filters, for example, are sold in a number of SKUs.
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What is unit price used for?
The unit price is a necessary tool to communicate to the customer how much a product or service will cost to him. And this price guarantees covering the cost of manufacturing or providing the service plus a profit for the business. It also is used as an indicator to find opportunity areas to reduce costs of a product or service.
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study.com
study.com › courses › math courses › 6th grade math
Unit Price Overview & Examples - Lesson | Study.com
What is the main difference between unit price and unit cost?
The main difference lies in the perspective. Unit price is the amount a customer pays for one unit of a product (e.g., price per kg). It is relevant for consumers making purchasing decisions. In contrast, unit cost is the total expense a company incurs to produce one unit of a product (including materials, labour, and overhead). It is a crucial metric for the manufacturer to determine profitability and pricing strategy.
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vedantu.com
vedantu.com › maths › unit price explained with formulas and examples
Unit Price: Meaning, Formula & Step-by-Step Examples
Can you explain how to find the unit price with a real-world example?
Certainly. Imagine you are at a store comparing two packs of pencils.Pack A has 10 pencils and costs ₹50.Pack B has 12 pencils and costs ₹54.To find the better deal, you calculate the unit price for each:Unit Price of Pack A: ₹50 / 10 pencils = ₹5 per pencil.Unit Price of Pack B: ₹54 / 12 pencils = ₹4.50 per pencil.Even though Pack B has a higher total price, its unit price is lower, making it the better value for money.
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vedantu.com
vedantu.com › maths › unit price explained with formulas and examples
Unit Price: Meaning, Formula & Step-by-Step Examples
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Open Textbook
opentextbc.ca › alfm4 › chapter › unit-pricing
Topic A: Unit Pricing – Adult Literacy Fundamental Mathematics: Book 4 – 2nd Edition
March 23, 2023 - Compare kilograms to kilograms · Compare litres to litres · Compare pairs of slippers to pairs of slippers · Compare grams to grams · …and so on! Example A · A 210 gram bag of potato chips costs $4.20 while an 110 g bag sells for $3.30 Which ...
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Study.com
study.com › courses › math courses › 6th grade math
Unit Price Overview & Examples - Lesson | Study.com
December 4, 2015 - The unit price for washing one car will be 4.28+10= $14.28 per car. With this, the owner will guarantee to cover all costs and have a profit. But, for example, someone advised him to offer some deals like offering ladies 2 for 1 car washes on ...
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University of Alberta
sites.ualberta.ca › ~ioncmast › financefolder › Mini Lessons › unit price.html
Unit Price
UNIT PRICE · Example 1 · | Example ... to compare. You do this by finding the unit price of each good. Examples: 1. Scott really likes chocolate bars, and wants to get the best deal possible on them....
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Amasty
amasty.com › amasty blog
What Is Unit Price? Examples, Importance & How to Calculate It
April 14, 2025 - Unit price is the cost of a unit of a product per standard unit of measurement (weight or volume), such as per liter, per ounce, or per kilogram. This pricing model allows consumers to compare the cost of different products based on value rather ...
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Crafty Base
craftybase.com › blog › how-to-calculate-unit-price-of-product
How do I calculate the unit price for a product?
June 20, 2025 - 💬 How do I calculate the unit price of a handmade product? ✅ Divide your total production cost by the number of units made. For example, if your materials and labor total $150 and you made 30 candles, your unit price is $5.
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VEDANTU
vedantu.com › maths › unit price explained with formulas and examples
Unit Price: Meaning, Formula & Step-by-Step Examples
2 weeks ago - It is calculated by dividing the total price of the item by the total number of units. The formula is: Unit Price = Total Price / Total Number of Units. For example, the unit could be per gram, per millilitre, or per single item in a pack.
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Bank of Canada Museum
bankofcanadamuseum.ca › 2025 › 01 › value-for-money-determining-unit-price
Value for money: Determining unit price - Bank of Canada Museum
Different grocery items are divided in different units. For example, because eggs are grouped and sold by size, their unit price is the cost for each egg. In contrast, apples are different sizes.
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Umn
reallifegoodfood.umn.edu › shop-smart › unit-pricing
Unit pricing | Real Life, Good Food
The first can is 19 ounces and costs $2.69. The second can is 10.5 ounces and costs $1.99. The second may be the lower price, but is it the best deal? Though the second can is cheaper, the price per unit is $0.19 per ounce, while the price per unit for the first can is $0.14.
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Wall Street Mojo
wallstreetmojo.com › home › all blogs › budgeting resources › unit price
Unit Price (Definition, Formula) | Calculation with Examples
October 1, 2025 - Cost per Unit = 1800 / 100 = 18 per unit. ... So, the price per unit of the product is $21.6.
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Investopedia
investopedia.com › terms › u › unitcost.asp
Understanding Unit Cost: Definition, Types, and Real-World Examples
October 29, 2006 - For example, if a company has total fixed costs of $40,000, each unit costs $2 in variable costs, and the selling price per unit is $5, the breakeven point in units would be calculated as follows:
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Capital.com
capital.com › en-int › learn › glossary › unit-price-definition
Unit price definition | Capital.com
For example, which is better – 9 toilet rolls for £4.50 or 6 toilet rolls for £3.30? For 9, the unit price is 50p (4.50/9), while for 6 it’s 55p (3.30/6). So the best bargain is 9 for £4.50.
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NetSuite
netsuite.com › company › educational resources › business solution articles › accounting
What Is a Unit Price Contract & When to Use It? | NetSuite
May 18, 2021 - Two of the most common are unit price contracts, in which costs are based on units of work, and fixed or lump sum contracts. Alternatively, pricing methods like time and materials contracts and cost-plus contracts take a blended approach. Both factor in the cost of various units. A time and materials contract, for example, might have different hourly rates for staff assigned to the project based.
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Mastt
mastt.com › glossary › unit-price
What is Unit Price?
Cost per individual unit of measure for goods or services
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GeeksforGeeks
geeksforgeeks.org › finance › what-is-unit-price
What is Unit Price? - GeeksforGeeks
September 22, 2023 - A basic unit price can be calculated by dividing the total cost of an item by its quantity (e.g. 10 bottles of coke at $1 = $10 / 10 = $1/bottle). This tells you how much it costs per item but not how much you will save if you buy in bulk.
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Weebly
msstasiak.weebly.com › uploads › 6 › 0 › 0 › 3 › 60033153 › unit_prices.pdf pdf
Unit Prices
things bought. An example of a rate would be $16 for 8 red peppers. This rate can ... Gasoline is $4.20 per gallon. How ... Solve each problem. ... Solve each problem. ... Sally pays more per gallon based on unit price.
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Boston University
bu.edu › scnc › 2013 › 11 › 18 › what-is-unit-pricing
What is Unit Pricing? | Sargent Choice Nutrition Center
Again, you could bust out that calculator app on your phone and calculate how much each bag will cost you per pound, or you can look at the unit price: Clearly, the 5lb. bag of regular carrots is the cheapest option at only $0.66 per pound—the baby carrots are four times more expensive at $2.00 per pound! However, there are a few things to keep in mind when looking at unit price.
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Rutgers NJAES
njaes.rutgers.edu › fs138
FS138: Unit Pricing: What It is and How to Use It (Rutgers NJAES)
It permits the consumer to compare the price per unit of items, such as canned peas or packages of dinner napkins. Figure 1 shows an example of two containers of yogurt with different unit prices.