Definition of Unit price:
The price at which a single unit of a commodity is sold.
The price of pre-packaged food or other goods given as the price per unit of weight, volume, etc.
Retailing: Price of a single item sold.
Contracting: Predetermined price for a quantity of work to be performed, including price charged for labor, material, and associated services such as equipment rental.
How to use Unit price in a sentence?
- We would go over a unit price before we began and that would determine what we would get paid at the end.
- Unit price was the measure we decided to use for determining the inputs that went into generating that specific number?.
- There were a lot of corners that had to be cut in the design of our product to keep the unit price low enough that we would not price ourselves out of competition in the retail market.
Meaning of Unit price & Unit price Definition