Question
This problem set has three questions A, B, C. You go to your favorite food market and see an item that you used to regularly
This problem set has three questions A, B, C.
You go to your favorite food market and see an item that you used to regularly purchased, although the last time was 8 months ago. The package looks the same BUT looking at the label you see that the number of items in the package has decreased BUT the price is kept the same as the original price
Use the information in the chart below corresponding to your assigned number to answer the three questions below. Show all your steps to reach your answers.
Assigned number 13: Original Package: Number of items 20 pieces New Package: Number of items: 18 pieces Price of original package: $5.75
A. What is the percentage of decrease in the quantity from the original package to the new package? Round answer to one decimal place.
B. Because the price of the new package is the same as the original package, the price of each piece (ie the unit price) in the new package has increased from the price of each piece (ie the unit price) in the original package. What is the percentage that unit price has increased from the original package? Round answer to one decimal place. Do NOT round when you find the unit prices.Only round your final percentage answer to one decimal place.
C. A store buys 125 cases and each case contains 15 packages. They take a 6-month simple interest loan at 2.3%. What will the monthly payment be?
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