Final Answer:
Each cracker costs approximately $0.0521.
Step-by-step explanation:
To find the cost per cracker, divide the total cost of the box by the number of crackers in the box. The cost per cracker can be calculated using the formula:
Cost per cracker = Total cost of the box ÷ Number of crackers
In this case, the total cost of the box of crackers is $2.50, and there were 48 crackers in the box. Therefore:
Cost per cracker = $2.50 ÷ 48 crackers ≈ $0.0521
Thus, each cracker costs approximately $0.0521.
This calculation shows that each cracker in the box is approximately $0.0521. Understanding the cost per unit is essential, especially when evaluating expenses in bulk or larger quantities. In this scenario, Polly spent $2.50 for a box containing 48 crackers. By dividing the total cost by the number of units (crackers), the cost of a single cracker is determined. Such calculations are fundamental in various real-world situations, such as cost analysis, budgeting, and pricing strategies. Therefore, knowing the cost per unit assists in making informed decisions regarding purchases and expenditures.