Question

the united states mint reported at the end of 2006 that the unit cost of producing and distributing a penny was 1.21. What percent of the value of a penny is this cost?

Answer 1

121%

Explanation:

It is reported at the end of 2006 by the United States mint that 1.21 penny was the unit cost of producing and distributing a penny.

So, the cost for production and distribution of 1 penny is 1.21 penny.

Therefore, if we consider x% of 1 penny is 1.21 penny.

Then,
`(1 * x)/(100) = 1.21`

⇒ x = 121% (Answer)