To calculate the total cost for each item, we will multiply the quantity by the unit price for each item.
Calculating Total Costs
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Total Cost for Bread:
- Quantity: 25 loaves
- Unit Price: 1 dollar and 95 cents (which is $1.95)
- Total Cost = Quantity × Unit Price = 25 × $1.95 = $48.75
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Total Cost for Peanut Butter:
- Quantity: 2,400 ounces
- Unit Price: 16 cents per ounce (which is $0.16)
- Total Cost = Quantity × Unit Price = 2,400 × $0.16 = $384.00
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Total Cost for Jelly:
- Quantity: 2,400 ounces
- Unit Price: 8 cents per ounce (which is $0.08)
- Total Cost = Quantity × Unit Price = 2,400 × $0.08 = $192.00
Summing Total Costs
Now, we sum all the total costs:
- Total Cost for Bread: $48.75
- Total Cost for Peanut Butter: $384.00
- Total Cost for Jelly: $192.00
Total Cost = $48.75 + $384.00 + $192.00 = $624.75
Savings Calculation
If Camillo would have spent $986.50 without better-buy unit prices, we can calculate his savings:
- Amount spent without better-buy prices: $986.50
- Actual amount spent with better-buy prices: $624.75
Savings = Amount Without Better-Buy Prices - Amount Spent = $986.50 - $624.75 = $361.75
Final Results
- Total cost for bread: $48.75
- Total cost for peanut butter: $384.00
- Total cost for jelly: $192.00
- Money saved: $361.75