Question

A butcher has 5 3/8 pounds of ground beef that will be priced at $6.24 per pound. He divides the meat into 9 equal packages. To the nearest cent, what's the pice of each package?

Answer 1

$3.73

Explanation:

The expected revenue from the amount of beef on hand is ...

(5 3/8 lb)($6.24/lb) = $33.54

Dividing that 9 ways gives a price per package of

$33.54/(9 pkg) ≈ $3.72667/pkg ≈ $3.73 per package