the premium for overnight shipping is 100%. what is the cost to ship 2,000 lbs of goods from atlanta to new…
the premium for overnight shipping is 100%. what is the cost to ship 2,000 lbs of goods from atlanta to new orleans (470 miles) using overnight shipping? distance (miles) 0-200 201-400 401-600 601-800 801-1000 price per 100 lbs $100 $120 $200 $240 $400 $?
Answer
Answer:
$8000
Explanation:
Step1: Determine price - per - 100 lbs
The distance is 470 miles, which falls in the 401 - 600 miles range. So the price per 100 lbs is $200.
Step2: Calculate number of 100 - lb units
The weight of goods is 2000 lbs. The number of 100 - lb units is $\frac{2000}{100}=20$.
Step3: Calculate base cost
The base cost without premium is $200\times20 = 4000$.
Step4: Apply premium
The premium for overnight shipping is 100%. So the final cost is $4000\times(1 + 1)=8000$.