Grocery Unit Pricing: Save Money with Smart Comparisons

The food and other products you buy at the grocery are typically measured in standard units like ounces or pounds. A unit price is simply the item's price converted to cost per unit. For example, a 5-pound bag of sugar costing $3 has a unit price of 60 cents per pound. It's tempting to assume large packages have lower unit prices than small ones, but Consumer Reports says it's not unusual for bigger sizes to cost more per unit.
The Unit Price Formula
Some grocery stores post unit prices, but Consumer Reports warns they aren't always accurate. It's best to check the unit prices yourself. To calculate a unit price for grocery items, divide the price by the unit measure. Suppose you are trying to decide between two sizes of the same brand of coffee. One can weighs 13.5 ounces and is priced at $4.45. Dividing $4.45 by 13.5 gives you a unit price of 33 cents per ounce. The large can costs $10.88 and weighs 2 pounds, or 32 ounces. Divide $10.88 by 32 and the unit price comes to 34 cents per ounce. In this example, the smaller can costs less per ounce, so it is actually the better deal.
budgeting
- Calculate Willingness to Pay (WTP): A Business Guide
- Calculate Gold Price Per Ounce: A Simple Guide
- Calculate Cost Savings: A Simple Guide for Consumers
- Laspeyres Index Calculation: Understanding Price Changes
- Calculate Stock Price Appreciation: A Simple Guide
- Understanding TERP: Calculating Theoretical Ex-Rights Price
- Calculate Escalation Percentages: A Simple Guide
- Understanding Nominal Value in Investments: A Comprehensive Guide
- Understanding CFD Pricing: A Comprehensive Guide
-
Calculate Deciles for Grouped Data: A Simple GuideDeciles are percentiles taken in tens. Percentiles divide data into 100 equal parts. They are commonly used for providing a relative standing of an event or person in a population. You can al...
-
Contract for Deed Calculator: Understand & Calculate PaymentsA calculator is necessary for calculating contract for deed payments. Contracts for deeds are common ways for buyers to purchase -- and sellers to sell -- property without the need for a mort...
