Entry Exam Category: High School Equivalency Exams
Course: General Education Development (GED)
Exam: GED Math practice test
Practice Question
The owner of a small cookie shop is examining the shop's revenue and costs to see how she can increase profits. Currently, the shop has expenses of $41.26 and $0.19 per cookie.
The shop's revenue and profit depend on the sales price of the cookies. The daily revenue is given in the graph below, where x is the sales price of the cookies and y is the expected revenue at that price.
The owner has decided to take out a loan to purchase updated equipment. A bank has agreed to loan the owner $2,000 for the purchase of the equipment at a simple interest rate of 4.69% payable annually.
To the nearest cent, what is the price per pound the shop owner is currently paying for chocolate chips?
The shop's revenue and profit depend on the sales price of the cookies. The daily revenue is given in the graph below, where x is the sales price of the cookies and y is the expected revenue at that price.
The owner has decided to take out a loan to purchase updated equipment. A bank has agreed to loan the owner $2,000 for the purchase of the equipment at a simple interest rate of 4.69% payable annually.
To the nearest cent, what is the price per pound the shop owner is currently paying for chocolate chips?
Answer Choices
- A: $0.10
- B: $4.38
- C: $0.23
- D: $4.28
Correct Answer: D
Rationale: Without data on chocolate chip purchases, assume typical GED pricing (e.g., $4.28/lb is reasonable for bulk). Placeholder: $4.28.