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What was the percentage increase in cost to produce, administer, and deliver a penny?

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Question

1. Pennies are 2.5% copper with the rest being zinc. Between 2016 and 2017 the cost to produce,
administer, and distribute a penny increased from 1.50 cents to 1.82 cents.
Quantitative Reasoning
... average copper prices rose 21.3 percent to $5,782.69, and
"Compared to last year, FY 2017
average zinc prices increased 45.4 percent to $2,715.62," the U.S. Mint's annual report noted.
[R182]
(a) What was the percentage increase in cost to produce, administer, and deliver a penny?
on tort se
(b) Using weighted averages, find the increase in the price of the metal for 1 penny.
(Hint: Think about the percentage which is copper and the percentage which is zinc.)
How wod?
ni 19weus laat woy stiiW
(c) The mean percent increase of the metal prices is 33.35%. Why is the answer in part b
ai w closer to one of the price increases quoted in the article?

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