b. Creamed corn comes in two size cans, 15 oz and 8.5 oz. The larger can costs $1.85 and the smaller can costs $1.39. Find the unit cost of each can. Which is the better buy? (Round to three decimal places.)

Answer 1

To find the unit cost of each can, we need to divide the cost of each can by its respective weight.

For the larger can:
Unit cost = $1.85 / 15 oz
Unit cost ≈ $0.123

For the smaller can:
Unit cost = $1.39 / 8.5 oz
Unit cost ≈ $0.163

Therefore, the unit cost of the larger can is $0.123 and the unit cost of the smaller can is $0.163.

To determine which is the better buy, we compare the unit costs. In this case, the lower the unit cost, the better the buy. Therefore, the better buy is the larger can with a unit cost of $0.123.