unitprice

Unitprice, commonly referred to as unit price, is the cost of a product expressed per a standard unit of measure. It is used to enable apples-to-apples comparisons across different brands, sizes, and packaging. The standard unit varies by product type and can be liters, kilograms, grams, ounces, pounds, meters, or a fixed item count.

Calculation and examples: unit price is calculated as total price divided by the quantity in the standard unit. For example, a 1.5-liter bottle priced at $3.50 has a unit price of about $2.33 per liter. A 500-gram package priced at $2.00 equates to $4.00 per kilogram. Such calculations allow consumers to determine which option offers more value for the same unit of measure.

Retail use and labeling: many jurisdictions require the display of unit prices on shelf tags or packaging to facilitate comparison. Retailers use unit pricing to price competitively, plan promotions, and manage procurement costs. Common labeling practices include per 100 grams, per liter, or per meter, depending on the product category.

Limitations and considerations: unitprice reflects cost per measure but does not capture differences in quality, convenience, or preparation time. Packaging shape or density can influence perceived value, and some products involve complex conversions or mixed units. When comparing, it is important to use the same standard unit and consider any discounts, unit conversions, or bulk pricing effects.

See also: price per unit, price per weight, cost per unit.