In these examples, I tried to make it explicit that the prices are in US dollars, and that the unit prices reflect the cost of the most basic ingredients. For example, the cost of the basic ingredients is the same for all the recipes in the article, but the prices change based on the type of food.
For example, the prices of raw ingredients can differ by up to $1.00 per pound, depending on the weight of the ingredients.
All of these examples are about costs, not prices.
The most important part of a cost example is the unit price. You can compare this to a recipe and see how the ingredients change based on the recipes. But this is not a typical cost example. Usually, the most important part of a cost example is the unit price.
I hate it when I use a unit price to help me compare ingredients. It’s like comparing apples to oranges. The unit price of a fresh bag of oranges is 5.00. The unit price of a fresh bag of apples is 1.00. How would you feel if you had to pay 5.00 for an orange and 1.00 for an apple. The unit price of oranges is 5.00. But the unit price of apples is 1.00.
The unit price is the most important part of a cost example because it directly determines the cost per unit of something. For example, an apple is a one-pound bag of fruit that you eat for one meal. If you pay 10.00 for an apple, you pay 10 times the cost of the apple itself.
So if you have two apples and one orange, how would you feel? That’s a very good question! I’ll let you think about it for a moment. Now, let’s assume that the cost of the orange is 5.00 and the cost of the apples is 1.00. Now that you consider the cost of the orange, think about how it would feel. Would you feel that the orange is worth 1.00? Or would you feel that the orange is worth 5.
I’ll let you think for a minute or two. Now, imagine that you pay $1.00 for an apple and $5.00 for an orange. Now you take a look at the cost of each. The price of the orange is $1.00 and the price of the apple is $5.00. Now you have to consider again the cost of the orange.
The cost of the orange is 5.00 and the cost of the apple is 1.00. Now, think about the orange. Would you feel that 5.00 is worth 1.00 Or would you feel that 5.00 is worth 5.1. Now you have to consider again the cost of the orange.