Question

A package of 25 fishing hooks costs $9.95, while a package with 40 hooks costs $13.99. Which is the better buy? Round your answer to the nearest cent if necessary.

Options:
a. The package of 25 hooks
b. The package of 40 hooks
c. Both are equally good buys
d. Insufficient information to determine

Answer 1

By calculating the price per hook for each package, it was found that the package of 40 hooks is the better buy due to its lower price per hook of $0.35 compared to the package of 25 hooks at $0.398 per hook.

Step-by-step explanation:

To determine which package of fishing hooks is the better buy, we need to calculate the price per hook for each package. For the package of 25 hooks priced at $9.95, the price per hook is $0.398 when rounded to the nearest cent ($9.95 ÷ 25 hooks). For the package of 40 hooks priced at $13.99, the price per hook is $0.35 when rounded to the nearest cent ($13.99 ÷ 40 hooks). Comparing the two, the package with 40 hooks has a lower price per hook, so it is the better buy.