Chapter 4.3, Problem 25STP

To determine

To find: The can that has the lowest cost per ounce.

Answer to Problem 25STP

29-oz can have the lowest cost

Explanation of Solution

Given:

The cost of 15-oz can is $0.89.

The cost of 29-oz can is $1.69.

Calculation:

Using the provided information, the per can cost of 15-oz can is calculated as:

  $\begin{array}{c}\text{Cost}=\frac{0.89}{15}\\ =0.05934\end{array}$

Similarly, per can cost of 29-oz can is calculated as:

  $\begin{array}{c}\text{Cost}=\frac{1.69}{29}\\ =0.0582758\end{array}$

From above calculations, the cost of the 29-oz cans is the lowest.