Unit price

Unit price

Unit price is a valuation method for buyers who purchase in bulk.

Examples

Buyer seeks to purchase 10000 widgets. Seller One offers 1000 widgets packaged together for $5000. Seller Two offers 5000 widgets packaged together for $25000. Seller Three offers 500 widgets packaged together for $2000. All three sellers can offer a total of 10000 widgets to Buyer. Seller One offers widgets at a unit price of $5. Seller Two offers widgets at a unit price of $5. Seller Three offers widgets at a unit price of $4. Buyer uses unit price to value the packages offered by each of the three sellers and finds that Seller Three offers widgets at the best value, the best price.

Application

In retail, unit price is the price for a single unit of measure of a product sold in more or less than the single unit. [ [http://www.umass.edu/nibble/infofile/unitpric.html Unit Price ] ] [ [http://www.ukma.org.uk/Practical/shopping/unitprices.htm UK metric association ] ]

Unit price is a common form of valuation in sales contract for goods sold in bulk purchasing.

The stock price of securities is a form of unit price because securities including stocks are often sold in bulks comprising many units. [cite journal |last=Guthmann |first=Harry G.|coauthors=Archie J. Bakay |title=The Market Impact of Large Blocks of Stocks |journal=Journal of Finance |volume=20 |issue=4 |pages=617–619 |publisher=American Finance Association |date=December 1965 |doi=10.2307/2977250]

Unit price also is often used in the commodities trade. [ [http://www.slate.com/id/2115219/ Slate.com (oil measured by barrels)] ]

ee also

*Ask price
*Suggested retail price
*Bulk purchasing

References

External links

* [http://www.sec.gov/index.htm SEC]


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Look at other dictionaries:

  • unit price — ➔ price1 * * * unit price UK US noun [C] ACCOUNTING, COMMERCE ► the price of a single product or service, used for example when buying several things together to refer to the price of each one: »Overall decline in exports resulted largely from… …   Financial and business terms

  • unit price — unit .price n technical the price that is charged for each single thing or quantity that is sold …   Dictionary of contemporary English

  • unit price — unit ,price noun count BUSINESS the price of each single thing, especially a SHARE in a company …   Usage of the words and phrases in modern English

  • unit price — noun : a price quoted in terms of so much per agreed or standard unit of product or service agreed to take the gravel at a unit price of 50 cents a yard often : an inclusive price quoted to cover all incidentals (as transportation or… …   Useful english dictionary

  • unit price — UK / US noun [countable] Word forms unit price : singular unit price plural unit prices business the price of each single thing, especially a share in a company …   English dictionary

  • unit price — 1. rate1 (def. 3). 2. a price for a service or commodity that includes all extra costs incidental to the item: the unit price of a wedding. [1965 70] * * * …   Universalium

  • unit price — The price paid per unit of item purchased or charged per unit of product sold …   Accounting dictionary

  • unit price — The price paid per unit of item purchased or charged per unit of product sold …   Big dictionary of business and management

  • unit price — The cost or price of an item of supply based on the unit of issue …   Military dictionary

  • unit price — /ˈjunət praɪs/ (say yoohnuht pruys) noun a price per agreed unit, as per kilogram, per dozen, etc …  

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