Final answer:
To find the unit price of a packet of chips, divide the total case cost by the number of packets. A case costing $22.77 with 120 packets has a unit price of approximately $0.19 per packet.
Step-by-step explanation:
To find the unit price of chips, we need to divide the total cost of the case by the total quantity of chips. In this case, the total cost is $22.77 and the total quantity is 120. So, the unit price of chips is $22.77 / 120 = $0.18975.
Therefore, the unit price of chips is $0.18975 per chip.
Unit price is the cost per single unit of a product, which in this case refers to the cost of an individual packet of chips from a bulk case. To calculate the unit price, you need to divide the total cost of the case by the number of quantities in that case. With a total cost of $22.77 for 120 quantities of chips, the calculation would be:
Total cost / Number of quantities = Unit price
$22.77 / 120 = $0.18975
Rounding to the nearest cent, the unit price of each 1.4 oz package of chips is approximately $0.19.