LESSON 5.4 The unitary method and best buys
LEARNING INTENTION
At the end of this lesson you should be able to:
use the unitary method to determine the best value option
apply the unitary method to find amounts from a partial amount.
5.4.1 Unit price
The unit price is the price per unit. Examples include the price per
, the price per or the price of a single item.The unitary method can be used to work out the best buy for an item by comparing the unit price.
Supermarkets in Australia are now obliged to show the unit price on most products.
To determine the ‘best buy’ when comparing similar items:
decide what unit you will use in your comparison
divide the price of each item by its number of units
identify the item with the smallest unit price. This is the best value item.
Price per unit
Remember to represent the same units when you are making comparisons.
5.4.2 Unitary method in percentages
The unitary method can be used to determine the whole amount when given a partial amount and the percentage of the total that it corresponds to.
Determining the whole amount from a partial amount
Step 1: Find
of the total amount.Step 2: Multiply the value of the
by to get the whole amount .
The same method can also be applied when given a percentage that is greater than
.
ACTIVITY: Price comparison websites
Use the internet to research different price comparison websites. Investigate what goods and services price comparison websites display and present your research to your class.