Did you work it out?
Yesterday, the Money Advice Service challenged us to work out what the best deals were from a selection of typical examples. I’m not bad at mental arithmetic, but I needed to resort to my calculator several times to get the price per 100g, or for each egg. If the supermarkets don’t show the price per 100g, it is difficult to see which is the best option if you want the cheapest. It won’t necessarily be the item on offer either, oftentimes, the item on offer is actually more expensive than the usual price. You really have to keep your wits about you when grocery shopping!
How did you do?
with the use of my trusty calculator, and I needed it, this is what I came up with
1. Of the following options for milk, which represents the best deal? Please select one option
– Six pints of milk for £1.80 – 30p a pint
– Four pints of milk for £1.40 – 35p a pint
– Two six-pint cartons of milk on offer for £3.50 – 29p a pint
– Two four-pint cartons of milk on offer for £2 – 25p a pint
so Two four-pint cartons of milk on offer for £2 is the cheapest at 25p a pint
2. Of the following options for buying 500g of lemons, which is the most cost effective way to buy lemons? Please select one option
– One 500g pack of lemons costing £1.20 – 24p/100g
– 500g of loose lemons at £2.50 per kilo – 25p/100g
– Buy two get the third free deal on 200g packs of lemons costing 70p each – 23p/100g
– Buy one get one half-price deal on 250g packs of lemons costing 70p each – 21p/100g
so Buy one get one half-price deal on 250g packs of lemons costing 70p each is the cheapest at 21p/100g
3. Of the following options for buying tomato ketchup, which option is the best value? Please select one option
– One 460g bottle on offer at £1.50 – 32p/100g
– One 910g bottle costing £2.49 – 27p/100g
– Buy one get one half-price deal on 700g bottles costing £2.29 each – 24p/100g
– One 1.35kg bottle costing £3.50 – 25p/100g
making Buy one get one half-price deal on 700g bottles costing £2.29 each the cheapest option at 24p/100g
4. Of the following options for buying eggs, which is the best deal? Please select one option
– Six medium eggs for £1.10 – 18p per egg
– Ten medium eggs on offer for £1.50 – 15p per egg
– Fifteen medium eggs for £2.10 – 14p per egg
– Two packs of six medium eggs on offer for £2.00 – 16p per egg
– Buy one get one free offer on packs of ten medium eggs priced at £2.20 – 11p per egg
so the Buy one get one free offer on packs of ten medium eggs priced at £2.20 offer is cheapest at 11p per egg
It was not an easy exercise to do, and if I was standing in the supermarket, it would have been very difficult to find the best value, the offers would not be all in the same place either. You might have the managers special at the end of the aisle, the offer of the week on one shelf, a special offer on another aisle. It isn’t easy to find the information out that you need. I often use mySupermarket to find the cheapest deal, a lot easier than standing in the supermarket with a calculator and a cross expression!