Unit Price
Subject: Economics | Topics:

Unit Price used to find the cost of a single item when many items are purchased together. It is the cost of one unit of measure of an item. Unit Price is a common form of valuation in sales contract for goods sold in bulk purchasing. It also often used in the commodities trade. It required if the items are going to be resold or divided among several people with each person paying their fair share of the cost based on how many items they receive.

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