To get 16 points, Peter needs to spend 16 / 2 = <<16/2=8>>8 sets of $60.
Therefore, Peter needs to spend $60 * 8 = $<<60*8=480>>480. Answer: \boxed{480}.
For every $60 spent at a supermarket, customers get 2 bonus points. Peter needs 16 bonus points to redeem a frying pan. What is the least amount he must spend to get the frying pan? For every $60 spent at a supermarket, customers get 2 bonus points. Peter needs 16 bonus points to redeem a frying pan. What is the least amount he must spend to get the frying pan?
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