Contractor's Miscalculation: Unit Price of Work Gloves
What was the contractor's initial calculation of the unit price for the work gloves?
The contractor purchased 4 dozen pairs of padded work gloves for $56.16. How did he incorrectly calculate the unit price in his expense report?
Incorrect Unit Price Calculation:
The contractor erroneously calculated the unit price as $14.04 per pair for the work gloves.
The correct unit price of the gloves is $1.17 per pair, not the $14.04 that was initially calculated. This was found by dividing the total price ($56.16) by the total quantity (48 pairs).
Explanation:
The contractor purchased 4 dozen pairs of gloves. A dozen equals 12, so 4 dozen equals 48 pairs. He paid $56.16 for these. To find the unit price, or the price per unit (in this case, per pair), we divide the total price by the total number of units. So, the correct unit price is calculated as follows: $56.16 divided by 48 pairs, which gives us a unit price of $1.17 per pair, not the $14.04 that was mentioned in the question.