Question

Two years ago a company purchased 500 dozen pencils at 40 cents per dozen. This

year, only 75% as many pencils were purchased as were purchased two years ago, but
the price was 20% higher than the old price. What was the total cost of pencils
purchased by the company this year?

Answer 1

180$

Explanation:

First you have to find out how many pencils the company bought each year which is 6000 since they bought 500 dozens and 75% of 500 is 375 and 20% of 0.40 is 0.08 so the cost for each dozen pencils would be 180$ (Sorry if this is wrong I'm 80% sure)