We can use the formula for the rate of change:
rate of change = (new value - old value) / old value
In this case, the old value is $.90 and the new value is $1.20, so we have:
rate of change = ($1.20 - $.90) / $.90
Simplifying the numerator:
rate of change = $.30 / $.90
Dividing:
rate of change = 1/3
So the rate of change of the price of oranges is 1/3, or approximately 33.33%.
The price of oranges went from $.90 per lb to $1.20 per lb in five years. Find the rate of change of the price of oranges.
5 answers
0.06 per
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At Store 1 I can buy 36 oz of baby formula for $26.62, and at Store 2 I can buy 28 oz of baby formula for $22.42. Which one is a better buy and by how much?
To determine which one is a better buy, we need to calculate the cost per ounce for each store.
At Store 1, the cost per ounce is:
$26.62 / 36 oz = $0.74/oz
At Store 2, the cost per ounce is:
$22.42 / 28 oz = $0.80/oz
Therefore, Store 1 is the better buy as it has a lower cost per ounce.
To determine the difference in cost, we can calculate the difference in cost per ounce:
$0.80/oz – $0.74/oz = $0.06/oz
So Store 1 is $0.06/oz cheaper than Store 2.
At Store 1, the cost per ounce is:
$26.62 / 36 oz = $0.74/oz
At Store 2, the cost per ounce is:
$22.42 / 28 oz = $0.80/oz
Therefore, Store 1 is the better buy as it has a lower cost per ounce.
To determine the difference in cost, we can calculate the difference in cost per ounce:
$0.80/oz – $0.74/oz = $0.06/oz
So Store 1 is $0.06/oz cheaper than Store 2.