Question
The United States Mint reported at the end of 2006 that the unit cost of producing and distributing a penny was 1.21 c. What percent of the value of a penny is this cost? What can you conclude about the cost of making pennies?
• How can a model help you to visualize the problem?
• How can you use a proportion or the percent proportion to solve the problem?
• How can a model help you to visualize the problem?
• How can you use a proportion or the percent proportion to solve the problem?
Answers
(1.21/1.00)100 = 121 %
It costs more to make it than it is worth.
It costs more to make it than it is worth.