Unit Pricing - Grocery Calculator 2009/03/25 14:04
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Supermarkets in Australia should now be showing unit pricing on all items that they have on their shelves. It displys the price of goods per unit measure eg 100g, 100ml, 1kg, 1l or each. It's to help you make a better choice when buying the different sizes within a brand. Here's an example of how unit pricing works...
Lets take Milo...
It's $3.10for a 200g tin, therefore Unit Pricing is $1.55 per 100g, and Nestle Milo is $9.95 for a 1kg tin, therefore Unit pricing is $1.00 per 100g - you can decide which one is the better choice.
If you need help with the actual caluclation it is the price divided by the weight/measure and then multiply x 100...
3.10 divide by 200 and then multiply x 100 = 1.55
9.95 divide by 1000 (1kg in grams) and then multiply x 100 = 1.00
Now you have your own grocery calculator!
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A great big thank you to the Ipswich City Council for having me out in April to speak with the community about money management. Your Mayor and council are to be congratulated for their wonderful intiatives in your community. I was delighted to be asked to present to you all, it was wonderful to meet so many of you!
Congratulations also to those who "stepped up" and attended the Back to Basics workshop as part of the Money Master Class series.
The GFC, rising interest rates and general cost of living, combined with the floods in January have put some you in difficult circumstances. I trust that you will use the information from the seminars to help you get back on track.
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