Question

The price of a single item within a group of items is
known as the_______of the item.
A. total price
B.item price
C.group price
D.unit price

Answer 1

Answer:

Answer to this question is option D i.e. unit price.

Explanation:

The unit price of the item can be understood as the price of a single product or one single commodity which forms a part of a group of items. When only one unit is to be sold then here comes the importance of 'unit price.' This is generally helpful in the retail sector where the products are bought in bulk after calculating the per-unit price of each commodity in that particular bulk.

Answer 2

The price of a single item within a group of items is  known as;

Option D; Unit Price

We want to know the price of a single item within a group of items. Let us look at each of the options;

• Option A; Total price is simply defined as the overall price of whatever is purchased when shopping. Thus it is not the answer.

• Option B; Item price is the price of an item. Now this item could contain two sub items that make it an item price. Thus, it is not the answer.

• Option C; Group price is the price of a group of similar items purchased. Thus this is not the answer.

• Option D; Unit price is the price of a single item within a group of items. That means that it is a basic cost upon which other costs are calculated. Therefore it is the correct answer.

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