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Customers Using Cookbooks from Several Years Ago Have Been Startled

Question 107

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Customers using cookbooks from several years ago have been startled to find their recipes don't cook or taste the same.Much of the problem is due to the changing size of containers.As an example,over time,the 12 oz.can of tuna has decreased to 10 oz.but the price has remained almost constant,averaging $1.98 per can.Determine the financial loss to the customer because of this decrease.

Correct Answer:

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$1.98/12 = 16.5 cents per ounce
$0.165 ×...

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