Problem 113
Question
To promote her business, Theresa mails several packages via Media Mail. One package weighing 2 lbs. costs \(2.77, another package weighing 3 lbs. costs \)3.16, and the third package weighing 5 lbs. costs $3.94 to mail. What was the average cost per pound to mail the packages? Round your result to the nearest penny. www.usps.com/prices/media-mailprices.htm
Step-by-Step Solution
Verified Answer
The average cost per pound is $0.99.
1Step 1: Add the Weights
First, sum the weights of all the packages. These are 2 lbs., 3 lbs., and 5 lbs. So, the total weight is calculated as follows:\[ 2 + 3 + 5 = 10 \] lbs.
2Step 2: Add the Costs
Next, sum up the costs of mailing these packages. The costs provided are \(2.77\), \(3.16\), and \(3.94\). Add them as follows:\[ 2.77 + 3.16 + 3.94 = 9.87 \] dollars.
3Step 3: Calculate the Average Cost per Pound
Now, calculate the average cost per pound by dividing the total cost by the total weight. Use the formula:\[ \text{Average Cost per Pound} = \frac{\text{Total Cost}}{\text{Total Weight}} \]Substitute the values we found:\[ \frac{9.87}{10} = 0.987 \] dollars per pound.
4Step 4: Round to the Nearest Penny
Finally, round the result from the previous step to the nearest penny. \(0.987\) rounded to the nearest penny is \(0.99\).
Key Concepts
Weight CalculationCost AdditionRounding NumbersDivision in Arithmetic
Weight Calculation
When dealing with multiple items, such as packages, the first thing we need to do is find the total weight. This is called weight calculation. In our scenario, we have packages weighing 2 lbs., 3 lbs., and 5 lbs. To find the total, simply add these weights together:
- Add 2 lbs. and 3 lbs., which gives 5 lbs.
- Add the resulting 5 lbs. to the remaining 5 lbs., resulting in 10 lbs.
Cost Addition
Once we know the total weight, the next step is figuring out the total cost by adding up the individual costs of each package. This is known as cost addition. We have three amounts in dollars: $2.77, $3.16, and $3.94. Here’s how you add them:
- Add $2.77 and $3.16. This equals $5.93.
- Then add the resultant $5.93 to $3.94.
- You will get a total cost of $9.87.
Rounding Numbers
Rounding numbers involves adjusting a number to make it simpler or more intuitive, often to a desired level of precision. In our average cost calculation, after performing division, we obtain 0.987 dollars per pound. Because currency is typically displayed to two decimal points, you need to round 0.987 to the nearest penny:
- The digit in the thousandths place is 7, which is above 5, so we round the hundredths place up.
- Thus, 0.987 becomes 0.99 when rounded to two decimal places.
Division in Arithmetic
Division in arithmetic involves splitting a quantity into equal parts. In the context of our problem, we are dividing the total mailing cost by the total weight to find the average cost per pound. The formula for average is:
- Total Cost / Total Weight = Average Cost per Unit.
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