Question

Question 8: A bicycle shop sold 8 tires for $298.75. What was the cost of 1 tire to the nearest hundredth?

Answer 1

Unitary cost= $37.34 = $37

Explanation:

Giving the following information:

Number of tires= 8

Total cost= $298.75

To calculate the unitary value of each tire, we need to use the following formula:

Unitary cost= total cost / number of tires

Unitary cost= 298.75 / 8

Unitary cost= $37.34 = $37