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27 Apr 2021, 20:30
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Average price: €7.50
Average amount
saved: €6.50
saved: €6.50
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
5%
(low)
Question Stats:
91% (02:24) correct
9%
(03:00)
wrong
based on 962
sessions
History
Date
Time
Result
Not Attempted Yet
Maya always ships her packages using one of two shipping companies. At Company 1, Maya pays €3.00 per kilogram based on the total weight of the package. At Company 2, she pays a flat fee of €14.00 to ship a package of any weight. No other fees apply to ship a package at either company, and Maya always chooses the least expensive company to ship any given package. The average weight of the 27 packages Maya shipped last year using Company 1 was 2.50 kilograms.
Based on the information provided, select for Average price the average price Maya paid per package using Company 1 last year, and select for Average amount saved the average amount Maya saved per package last year by using Company 1 rather than Company 2 to ship the packages. Make only two selections, one in each column.
Based on the information provided, select for Average price the average price Maya paid per package using Company 1 last year, and select for Average amount saved the average amount Maya saved per package last year by using Company 1 rather than Company 2 to ship the packages. Make only two selections, one in each column.
| Average price |
Average amount saved |
|
| €5.50 | ||
| €6.00 | ||
| €6.50 | ||
| €7.00 | ||
| €7.50 |
ShowHide Answer
Official Answer
Average price: €7.50
Average amount
saved: €6.50
saved: €6.50
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21 Feb 2023, 07:18
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Average Package size was 2.5 kg and rate was 3 /kg
Average price = 2.5*3 = 7.5
Average amount saved = (Company 2/ per shipment cost) - (Company 1/ per shipment cost) = 14 -7.5 = 6.5
Average price = 2.5*3 = 7.5
Average amount saved = (Company 2/ per shipment cost) - (Company 1/ per shipment cost) = 14 -7.5 = 6.5
General Discussion
10 Sep 2021, 02:19
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Total weight of the package = Average weight value(2.5 kg) X Package quantity (27)
= 67.5
Given :Maya pays €3.00 per kilogram based on the total weight of the package.
So Maya pays for total package = 67.5(total weight) X 3 = 202.5
Average price = Total package price(202.5) / Package quantity (27) = 7.50
Average amount saved when Company B is selected = 14( At Company 2, she pays a flat fee of €14.00 to ship a package of any weight) - 7.5 (Average Price)
= 6.50
= 67.5
Given :Maya pays €3.00 per kilogram based on the total weight of the package.
So Maya pays for total package = 67.5(total weight) X 3 = 202.5
Average price = Total package price(202.5) / Package quantity (27) = 7.50
Average amount saved when Company B is selected = 14( At Company 2, she pays a flat fee of €14.00 to ship a package of any weight) - 7.5 (Average Price)
= 6.50
