HOW MUCH SAVINGS IF PAPER WASTE IS ELIMINATED

Question

Paper Waste is 1/15 out of 1,000 reams of paper (each ream has 500 pieces and costs $1.25 per ream). How much savings will you have if the paper waste is totally eliminated?

Answer 1

1/15 of 1,000 reams are defective.

each ream costs $1.25

1,000 reams cost $1,250

1/15 of $1,250 = $83 1/3 cost savings to eliminate defectives totally. It probably costs more to be that careful and not worth the cost. Plus you can never eliminate all waste, so it's impossible anyway.