the premium for 2 - day shipping is 40%. what is the cost to ship 1,500 lbs of goods from chicago to omaha…

the premium for 2 - day shipping is 40%. what is the cost to ship 1,500 lbs of goods from chicago to omaha (450 miles) using 2 - day shipping?\n|distance (miles)|0 - 200|201 - 400|401 - 600|601 - 800|801 - 1000|\n|price per 100 lbs|$100|$120|$200|$240|$400|\n$?
Answer
Explanation:
Step1: Determine base - shipping cost
The distance is 450 miles, so the price per 100 lbs is $200. The weight is 1500 lbs. The number of 100 - lb units is $\frac{1500}{100}=15$. The base - shipping cost is $200\times15 = 3000$.
Step2: Calculate 2 - day shipping premium
The premium for 2 - day shipping is 40% of the base - shipping cost. The premium amount is $0.4\times3000=1200$.
Step3: Find total shipping cost
The total shipping cost is the sum of the base - shipping cost and the premium. So, it is $3000 + 1200=4200$.
Answer:
4200