Copyright 2014 © W. Seth Hunter ConsumerMath.org L5.1 Unit Prices Planning healthy meals within a budget can save a lot of money. How to compare prices.

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Presentation transcript:

Copyright 2014 © W. Seth Hunter ConsumerMath.org L5.1 Unit Prices Planning healthy meals within a budget can save a lot of money. How to compare prices when the products’ sizes are not the same.

Copyright 2014 © W. Seth Hunter ConsumerMath.org L5.1 Unit Prices Lesson Objective Students will learn how to calculate the unit price of individual items.

Copyright 2014 © W. Seth Hunter ConsumerMath.org L5.1 Unit Prices Calculating Unit Cost Food can be bought in small packages (like a pack of 8 hotdogs at Calbertson’s) or in big packages (like a box of 100 hotdogs at Bostco), and several sizes in between. But how do you know which one is the best price? You calculate the unit price.

Copyright 2014 © W. Seth Hunter ConsumerMath.org L5.1 Unit Prices Calculating Unit Cost You find the unit price by dividing the total cost of the item by the number of units in the item. Example: Calbertson’s has a pack of 8 hotdogs on sale for $1.50. How does that compare to Bostco’s 100 hotdogs for $13.50? Let’s take a look…

Copyright 2014 © W. Seth Hunter ConsumerMath.org L5.1 Unit Prices Calculating Unit Cost Step 1 8$ 1.50 Example: Calbertson’s has a pack of 8 hotdogs on sale for $1.50. How does that compare to Bostco’s 100 hotdogs for $13.50?

Copyright 2014 © W. Seth Hunter ConsumerMath.org L5.1 Unit Prices Calculating Unit Cost Example: Calbertson’s has a pack of 8 hotdogs on sale for $1.50. How does that compare to Bostco’s 100 hotdogs for $13.50? Step 1$ $ 1.50

Copyright 2014 © W. Seth Hunter ConsumerMath.org L5.1 Unit Prices Calculating Unit Cost Example: Calbertson’s has a pack of 8 hotdogs on sale for $1.50. How does that compare to Bostco’s 100 hotdogs for $13.50? Step 1$ $ 1.50 Step 2 100$ 13.50

Copyright 2014 © W. Seth Hunter ConsumerMath.org L5.1 Unit Prices Calculating Unit Cost Example: Calbertson’s has a pack of 8 hotdogs on sale for $1.50. How does that compare to Bostco’s 100 hotdogs for $13.50? Step 1$ $ 1.50 Step 2$ $ 13.50

Copyright 2014 © W. Seth Hunter ConsumerMath.org L5.1 Unit Prices Calculating Unit Cost Step 1$ $ 1.50 Step 2$ $ Compare Unit Costs: Which store sales the cheaper hotdog? Bostco’s hotdogs are cheaper. To buy 100 hotdogs at Calbertson’s would have cost you $ By doing the math you saved $5.25. Way to go!

Copyright 2014 © W. Seth Hunter ConsumerMath.org L5.1 Unit Prices Practice Food ItemPriceAmount How many servings Cost Per Serving Milk $ 2.79gallon16 Hotdog $ 1.50package of 88 Hotdog Buns $ 1.19package of 88 Mayonaise $ 4.35Jar32 Ketchup $ 0.99Bottle32 Mustard $ 1.39Bottle32 Relish $ 1.50Jar20 Salad Mix $ 1.59lb8 Soda $ liter8 Brownie Mix $ 1.29package (serve 8)8 Eggs $ 1.75dozen12 Potato Chips $ 2.50bag10

Copyright 2014 © W. Seth Hunter ConsumerMath.org L5.1 Unit Prices Practice Food ItemPriceAmount How many servings Cost Per Serving Milk $ 2.79gallon16$0.17 Hotdog $ 1.50package of 88$0.19 Hotdog Buns $ 1.19package of 88$0.15 Mayonaise $ 4.35Jar32$0.14 Ketchup $ 0.99Bottle32$0.03 Mustard $ 1.39Bottle32$0.04 Relish $ 1.50Jar20$0.08 Salad Mix $ 1.59lb8$0.20 Soda $ liter8$0.15 Brownie Mix $ 1.29package (serve 8)8$0.16 Eggs $ 1.75dozen12$0.15 Potato Chips $ 2.50bag10$0.25

Copyright 2014 © W. Seth Hunter ConsumerMath.org L5.1 Unit Prices Review: 1.What is a unit price? 2.How do you calculate a unit price?

Copyright 2014 © W. Seth Hunter ConsumerMath.org L5.1 Unit Prices Review: 1.What is a unit price? 2.How do you calculate a unit price? The price of a single item. Divide the total cost of the item by the number of units in the item.