Math Problem Statement
Solution
To determine the cost per unit of the product, we need to divide the total value by the number of items sold.
Given:
- Total value = 180,744
- Number of items sold = 112,965
The cost per unit can be calculated as:
Performing the division:
Thus, the cost of a single unit of the product is 1.60.
Would you like more details or have any questions?
Here are some related questions:
- How would you calculate the total cost if the number of items sold was different?
- What would be the new unit price if the total value increased?
- How can rounding affect the accuracy of the unit cost calculation?
- What happens if the number of items is not a whole number?
- How does this calculation change for weighted averages?
Tip: When dividing large numbers, double-check your calculations to ensure precision, especially when rounding to two decimal places.
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Math Problem Analysis
Mathematical Concepts
Numerical Comprehension
Division
Unit Cost Calculation
Formulas
Cost per unit = Total Value / Number of Items
Theorems
-
Suitable Grade Level
Grades 9-10
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