Question

During the 1995 season, Oregon crabbers had a 15 million pound Dungeoness Crab harvest which sold for $24.7 million. That record was broken during the 2000 season when 15,616,728 pounds of the crabs were harvested and sold for $31,297,583. How many more cents per pound did crabs sell for in the 2000 season than the 1995 season ? Express your answer to the nearest whole number .

Answer 1

36¢ per pound

Explanation:

In 1995, the price per pound was ...

($24.7 million)/(15 million lb) = $1.6467/lb

In 2000, the price per pound was ...

($31,297,583)/(15,616,728 lb) = $2.0041/lb

The difference was ...

$2.0041 -1.6467 = $0.3574 ≈ 36¢ . . . per pound

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In a calculation such as this, you want to keep enough significant digits so that you can appropriately round the final answer. Here, the result would be different if intermediate values were rounded to whole cents.