Vocabulary
Definition:
The item or product that offers the most value for the price.
Better Buy
The larger box of cereal was the _____ because it cost less per ounce.
Better buy
Definition:
The amount of money you pay for something before extra fees or taxes.
Price
If I am going to look at 2 different prices and see what is better what an I doing?
Comparing Prices
If I want to buy a candy bar for $1 but there is also a pack of 3 candy bars for $2.50, which one should I buy? What is the unit prices?
3 pack of candy bars
Definition:
Comparing the prices of different items or products to see which is cheaper.
Cost Comparison
look at the 3rd number, if it is 5 or above the 2nd number goes up one, if 4 or below it stays the same
Definition:
When you buy a larger quantity of something, the price per item is usually lower.
Bulk Pricing
Why do we need to compare prices?
To save money
Get the better deal
I want to buy a Dr. Pepper, it cost $5.99 for a 6 pack and it cost $12.99 for a 12 pack. Which should I buy?
The 6 pack
Definition:
The final amount you pay for something, including any taxes or fees.
Total Cost
I am going to buy the big pack of toilet paper at Costco because it makes each roll a better price! Is what vocab word
Bulk Pricing
Definition:
The cost of one item or a specific amount of something, like a pound or ounce.
Price Per Unit
A dozen eggs cost $2.98 at Walmart, $1.99 at Jerry's Foods, and $2.50 at the gas station. Where should I go? Give two reasons why.
Answers will vary
If I want to figure out which bottle of laundry soap is cheaper what do I do?
Take price and divide it by ounces (other number)
Definition:
The reduced price of an item during a sale.
Sale Price
I have two packs of chips and want to know which is the better buy, what do I need to figure out?
Price per unit
Definition:
A reduction in the regular price of something, does not have to be during a sale.
Discount
Yes, the stuff would equal $20.50
I want to buy apple juice, it is $1.10 for a 10 ounce bottle and $2 for an 18 ounce bottle. Which one should I buy?
10 ounce bottle
Definition:
How much something is worth, considering its quality and price.
Value
If I want to buy something expensive what should I do before I buy?
Answers will vary
Definition:
The process of checking prices for the same item at different stores to find the best deal.
Comparison Shopping
What does someone consider when deciding the value of something?
quality and price
I need dish washer pods, a 21 count is $9.99 and a 28 pack is $12.99. Which is the better deal?
The 28 count