PLAN ON COMPARISON SHOPPING
Comparison shopping is shopping for
bargains by comparing the prices of similar items or brands or
comparing the prices at different stores. To get a bargain, or
get the best value, you must compare not only price, but quality as
compare price, if you are comparing a single item at two
different stores, then it is simple: the item with the lower
price is likely the better deal (don't forget to compare store
return policies, etc). More difficult is if the price is
different depending on the number of items you purchase:
is the better bargain?
pounds of bananas for $1.00 OR 3 pounds of bananas for $2.00?
find the answer, divide the cost by the amount to find
the price per unit:
divided by 2 = .50 per Pound This is the better bargain!
divided by 3 = .67 per Pound
Besides price, you also need to compare quality. If
something is priced less, but the quality is not good, then the
saying "you get what you pay for" may apply. Unless you have
someone that can give you advice, you need to make your own
decisions if the item with lesser quality is a better deal than the
item at a higher price. For example, if two shirts are priced
at $20 and $10, but the $10 shirt shrinks and falls apart, then the
$10 shirt may actually be worthless.
the following worksheet to practice comparison shopping for items.