Two different sizes of tins of soup are shown. The mass of the soup and price are given below:
SMALL can : 415 g @ $1.04
LARGE can: 815 g @ $1.98
Which size of tin gives the better value? Show your working properly.
A. You really love the soup and want as much as your greedy hands can grab at the lowest cost your wallet can suffer
A. You really love the soup and want to get as much as your greedy hands can grab at the lowest cost your wallet can suffer
B. The expiry date of the soup are the same
C. You have enough money to buy both cans of soup
So, in the end, which one is a more value buy? I wish I can say for sure that it's the cheapest one, but life's not that simple. If there's one advice I can share, it certainly isn't to buy the things you really want as cheap as possible, but to avoid buying things you don't need regardless of how cheap they are per unit basis or absolutely. No matter how cheap things are, if you don't want it, you really don't want it.
Can this be extended to investments? I'm sure it can be. As in real life, so it is in investment.