Question

Adam can buy pencils in packages of 12 for $2.19, 40 for $3.99, 50 for $4.75, or 100 for $10. How many pencils are in the package with the lowest unit cost

Answer 1

50 pencils

Explanation:

2.19/12 = .18

3.99/40 = .09975

4.75/50 = .095

10/100 = .10

Although with mark-up to the hundredths place, there wouldn't be a logical difference is stores...

Answer 2

50 for $4.75

Explanation:

First step is to determine the unit cost of each pencil:

price of pack / number of units = cost per pencil

1. $2.19 / 12 = $0.1825

2. $3.99 / 40 = $0.09975

3. $4.75/ 50 = $0.095

4. $10 / 100 = $0.10

The correct answer is $4.75 for 50 pencils because it is the lowest per unit cost.