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Distance, in miles 0-200 201-400 401-600 601-800 801-1000 Price per 100 Ibs $100 $120 $200 $240 $400 The premium for 3-5 day shipping is 20%. What is the cost to ship 2,500 Ibs of goods from Phoenix to Albuquerque (420 miles) using 3-5 day shipping? A. $3,600 B. $6,000 C. $7,000 D. $7,200

Distance, in miles 0-200 201-400 401-600 601-800 801-1000 Price per 100 Ibs $100 $120 $200 $240 $400 The premium for 3-5 day shipping is 20%. What is the cost to ship 2,500 Ibs of goods from Phoenix to Albuquerque (420 miles) using 3-5 day shipping? A. $3,600 B. $6,000 C. $7,000 D. $7,200

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Distance, in miles 0-200 201-400 401-600 601-800 801-1000 Price per 100 lbs $100 $120 $200 $240 $400 The premium for 3-5 day shipping is 20%. What is the cost to ship 2,500 lbs of goods from Phoenix to Albuquerque (420 miles) using 3-5 day shipping? A. $3,600 B. $6,000 C. $7,000 D. $7,200 2022 International Academy of Science. All Rights Reserved.
Transcribed Image Text:Distance, in miles 0-200 201-400 401-600 601-800 801-1000 Price per 100 lbs $100 $120 $200 $240 $400 The premium for 3-5 day shipping is 20%. What is the cost to ship 2,500 lbs of goods from Phoenix to Albuquerque (420 miles) using 3-5 day shipping? A. $3,600 B. $6,000 C. $7,000 D. $7,200 2022 International Academy of Science. All Rights Reserved.
Expert Solution
Step 1

Distance = 420 miles

From the table given,

Price per 100 lbs for 401-600 miles = $200

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