Code: 1.3.1 · Adults
Knows how to calculate and interpret meaningful unit prices of purchases, where relevant
Knows that the same goods or services may be priced differently depending on a variety of factors, such as the vendor, the location or the time of purchase
Knows that the purchasing power of money can vary over time due to inflation
Knows that price is not the only relevant criterion to buy a specific product and that quality, terms and conditions also matter
Knows that the actual cost of a good or service may depend on factors such as taxes, exchange rates, shipping costs and customs’ duties (if ordered from outside the EU)
Knows how to calculate the final consumer price where this is not stated on the price ticket of an item
Knows that when purchasing products online, the price of identical goods or services may be different according to i.a. the consulted website or browsing history, the shipping conditions applied, or the location from where the purchase is made
Calculates or estimates the final price of a good or service
Seeks ways to manage the impact of inflation on money held
Seeks to buy goods and services at a fair price
Confident to negotiate a fair price