Cost per wear is a principle which can be applied when purchasing new clothing items. The concept is based on the price of the item divided by the number of times you would wear it - this calculates its CPW. Your aim when shopping should be to have a low CPW which means you get better value for your money
Example:
Alex bought some sunglasses for NZ$60. If he wore them 45 times, their CPW would be 1.33.
Ngahuia bought her sunglasses for NZ$400 two years ago. Say she wore them 320 times, they would have a CPW of 1.25.
It only cost Ngahuia NZ$1.25 each time she wore her sunglasses whilst it cost Alex NZ$1.33 each time he wore his.
When purchasing new items you should aim for a low CPW to maximize the value you get from the amount of money you spend. However, there are other important factors you need to consider along with a low CPW
Does buying more expensive items make more sense long term ?
Does buying more expensive items make more sense long term ?
24th Apr 09, 1:51pm
by
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.