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The company warehouse contains 100 pallets of office paper, 25 pallets of photo paper, and 50 pallets of card stock. Each pallet of office paper is valued at $96, each pallet of photo paper is valued at $180, and each pallet of card stock is valued at $110.

Your partner is calculating the inventory value of these papers but thinks there is an error. Where in the calculations below is the error?

Step Description Result
1 Multiply 100 by $96 $ 9,600
2 Multiply 25 by $180 $ 4,500
3 Add $13,100
4 Multiply 50 by $110 $ 5,500
5 Add $18,600
A.Step 1
B.Step 2
C.Step 3
D.Step 4
E.Step 5

Answer 1

The calculation error is in Step 3, where $9,600 and $4,500 should have summed up to $14,100, not $13,100. This error affected the total given in Step 5. The correct answer is option C.

Step-by-step explanation:

The student asks where the error is in the calculation of the inventory value of different types of paper. Upon reviewing the steps, the error occurs at Step 3, where the result from Step 1 ($9,600 for office paper) and Step 2 ($4,500 for photo paper) should be summed up. The correct total should be $14,100 ($9,600 + $4,500), not $13,100 as stated.

The inventory value calculations when corrected should read:

• Step 1: 100 office paper pallets x $96/pallet = $9,600
• Step 2: 25 photo paper pallets x $180/pallet = $4,500
• Step 3: Add step 1 and step 2 totals = $14,100
• Step 4: 50 card stock pallets x $110/pallet = $5,500
• Step 5: Add steps 3 and 4 totals = $19,600 (which would be the correct total value for Step 5 instead of $18,600)