How can I compare the money saved when buying an item in bulk?
How can I compare the money saved when buying an item in bulk?
Lets say I can buy 200 of something for $20. but for $60, I can buy 750 of them. How can I quantify the money saved as cost per unit?
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200 for $20 is $0.10 each (200 for 2000 pennies) while 750 for $60 is $0.08 each (750 for 6000 pennies) so you save 2 cents per item. Or you got 150 items for free by buying the 750 pack.
150 free items is the key part here. That’s all you need to know.
I look at it like a discount. It's 20% off. My wife can get mad when I buy things cause they're on sale from Sam's club. Not perishable stuff, but like soap or deodorants or canned goods. If something is on sale for $8 that's normally $10, I'm getting a 20% discount on it. Or it's like an investment. You'd be crazy not to invest money in something that was guaranteed a 20% return in less than a year.