Multiple Choice
Which of the following is the fastest way for a business to improve its cash inflow related to net sales?
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4. Merchandising Operations
Net Sales
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Jameson pays \$39.90 for 3.8 pounds of almonds. What is the price per pound of almonds?
A
\$13.20
B
\$10.50
C
\$8.75
D
\$9.95
Verified step by step guidance1
Step 1: Understand the problem. Jameson pays \$39.90 for 3.8 pounds of almonds. To find the price per pound, divide the total cost by the total weight in pounds.
Step 2: Write the formula for price per pound: \( \text{Price per pound} = \frac{\text{Total Cost}}{\text{Total Weight}} \).
Step 3: Substitute the given values into the formula: \( \text{Price per pound} = \frac{39.90}{3.8} \).
Step 4: Perform the division to calculate the price per pound. Ensure proper rounding to two decimal places, as prices are typically expressed in dollars and cents.
Step 5: Compare the calculated price per pound to the provided options (
\$13.20, \$10.50, \$8.75, \$9.95) to identify the correct answer.
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