FINANCIAL LITERACY

Question

A pack of 10 pencils cost $4.50, 24 pencils costs $10.00 and a pack of 50 pencils costs $22.00. What is the most economical way to purchase pencils?

Answer 1

Pack of 10 pencils cost $4,50:

4.50 ÷ 10 = 0.45

each pencil cost $0.45

24 pencils cost $10.00:

10.00 ÷ 24 = 0.42

each pencil cost $0.42

Pack of 50 pencils cost $22.00:

22.00 ÷ 50 = 0.44

each pencil cost $0.44

The most economical way to purchase pencils is 24 pencils that cost $10.00, so each pencil will cost $0.42