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Financial Literacy
Course: Financial Literacy > Unit 2
Lesson 2: Reducing expensesWhat is the better deal?
Per-unit pricing is a way of breaking down the cost of something so you can compare it to other similar products. It helps you figure out which one is cheaper or a better deal. Created by Sal Khan.
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Would it make sense to buy more than you need just because it is a better deal? Or should you buy it if you are able to use the amount?(12 votes)
It makes sense to buy more if you can save it up and use it next month. For the shampoo example, if you don't need the extra shampoo, you can just use it next month. But this rule won't apply to things like food and other perishable goods. If you buy more than you need just to save, it'll all spoil if you don't use it.(6 votes)
Why don't they always put the amount per Oz on the item?(2 votes)
If it is legally required, it's on there. If it is not legally required, you may have to do mental math or carry a calculator with you.(2 votes)
- whould it make sence if u bye more the u need if itscheeper(2 votes)
- whats happens if you do the math wrong?(1 vote)
- In that case, one side goes away happy to have gotten more money, or the other side doesn't get what it was asking for. In other words, you either overpay or you don't get to buy at all.(2 votes)
What is the formula to find the unit price?(1 vote)- Establish what the unit is.
Discover how many of those units are in the package.
Divide the price of the package by the number of units in it.(2 votes)
- what if u have a compound(1 vote)
- So could you put both the deals in ratios and and multiply the weights by each other and multiply the price by the other ratios weight? Is still got the same answer that way.(1 vote)
- The point is to figure out the price of things based on similar units. It works great with bottles of shampoo and piles of gravel. It doesn't work, though, with the price of baseball game tickets.(1 vote)
- whats happens if you do the math wrong?(1 vote)
- how important is it to focus on your budget(1 vote)
- If you plan to grow up, and I hope you do, then budgeting is part of that planning process. There are several lessons about budgeting in this course. I suggest that you go to several of them and read the questions that other learners have posted and the answers that those questions have received.(1 vote)