Given:
The smaller size is 24 oz and cost $3.99.
The larger size is 64 oz and cost $6.99.
To find:
Which has the lower unit cost?
Solution:
The formula for unit cost is
[tex]\text{Unit cost}=\dfrac{\text{Total cost}}{\text{Quantity}}[/tex]
The unit cost of smaller size is
[tex]\text{Unit cost of smaller size}=\dfrac{3.99}{24}[/tex]
[tex]\text{Unit cost of smaller size}=0.16625[/tex]
The unit cost of larger size is
[tex]\text{Unit cost of larger size}=\dfrac{6.99}{64}[/tex]
[tex]\text{Unit cost of larger size}=0.10922[/tex]
It is clear that, 0.10922 is less than 0.16625.
Therefore, the unit cost of larger size is lower.