Unit cost def

Unit cost def:

o   Unit cost means the cost per unit of an item. It can be the price per litre, per 100ml or per 100g. It usually used for items sold by weight or volume. It is useful to compare the prices of different sized items and to find which item is the best buy. Supermarkets in Australia are required to show the unit cost on most products.

o   It is similar to the process used when simplifying rates. If x items cost $y, divide the cost by x to find the price of one item

X items = $y

1 item = $y/x