Definition, Meaning & Synonyms
unit-price
noun
ˈjuːnɪt praɪs
Definition
The unit price is the cost per single unit of a product or service.
Examples
- The unit price of oranges was lower than last week.
- When buying in bulk, it’s important to compare the unit price to get the best deal.
- At the store, I always check the unit price to find the most economical choice.
Meaning
It helps consumers understand the value of a product by showing how much they are paying for each item in a specific measurement, such as weight or volume.
Synonyms
- cost per unit
- price per item
- per-item price
