Question

If one case of 500 count lids costs $16.18, how much does one lid cost?

A) $0.03236
B) $0.0324
C) $0.0325
D) $0.0327

Answer 1

To calculate the cost of one lid, divide the total cost of a case ($16.18) by the count of lids in the case (500), resulting in $0.03236 per lid. After rounding, the cost per lid is $0.0324.

Step-by-step explanation:

To determine the cost of one lid when one case of 500 count lids costs $16.18, you need to divide the total cost of the case by the number of lids in that case. The calculation is as follows:

1. Identify the total cost of one case: $16.18.
2. Identify the count of lids in one case: 500.
3. Divide the total cost by the count of lids to find the cost per lid: $16.18 ÷ 500 = $0.03236.

Therefore, the cost for one lid is $0.03236, which can be rounded to the nearest ten-thousandth as per the given options. The correct answer is B) $0.0324.