Unit price is a term used to describe the price of a single item or unit within a larger group or batch. Some common synonyms for unit price include cost per unit, price per item, rate per unit, price per piece, and pricing per unit. These terms are often used in retail, manufacturing, and financial industries where products are sold in large quantities. Understanding the unit price of a product helps consumers make informed decisions about purchases and allows businesses to calculate their costs and profits accurately. Regardless of which term is used, the concept of unit price remains the same, providing clarity and transparency in pricing.