The cost for a pack of 12 pencils is $3.24 . find the unit price in dollars per pencil. if necessary, round your answer to the nearest cent.

Verified Answer :

To getyour answer, just divided 3.24 by 12. You will get 0.27. So the answer is each pencil costs 27 cents or 0.27.

Cost price in dollars per pencil is equals to \(\$0.27\). Rounded figure is equals to \(27\)cents.

What is cost price?

" Cost price is defined as the amount to be paid to purchase something."

Convert units

\(1\) dollars \(= 100\)cents

According to the question,

Cost price of \(12\) pencils \(= \$ 3.24\)

Cost price of \(1\) pencil \(= \frac{3.24}{12}\)

                                    \(= \$0.27\)

Convert dollars to cents we get,

\(\$0.27 = 100\times\frac{27}{100}\) cents

       \(= 27\)cents

Hence, cost price in dollars per pencil is equals to \(\$0.27\). Rounded figure is equals to \(27\)cents.

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