3. frank is a locksmith who owns his own business. he buys a case of 144 bulk padlocks for $244.97. he sells…

3. frank is a locksmith who owns his own business. he buys a case of 144 bulk padlocks for $244.97. he sells each lock for $5.50.\na) how much does each lock cost frank?

3. frank is a locksmith who owns his own business. he buys a case of 144 bulk padlocks for $244.97. he sells each lock for $5.50.\na) how much does each lock cost frank?

Answer

Explanation:

Step1: Divide total cost by number of locks

To find the cost per lock, divide the total cost of the case of pad - locks by the number of pad - locks. The total cost is $244.97 and the number of pad - locks is 144. $244.97\div144$

Step2: Calculate the result

$244.97\div144\approx1.70$ (rounded to two decimal places)

Answer:

$1.70$