Glossary Finance

Unit price

Unit price is the cost per standard unit of measure, such as per litre or per 100 g, which lets you compare differently sized packages fairly.

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In more detail

750 mL for $2.49 is $3.32 a litre; 1.5 L for $4.29 is $2.86 a litre, about 14% cheaper per litre. The bigger pack is not always the better value, so compare.

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See also

  • Glossary Inflation
    Inflation is the general rise in prices over time, which reduces what each unit of money can buy.
  • Cheat sheet Percentage Formulas Cheat Sheet
    Percent of, percent change, percent error, percentage points and the reverse percentage.
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