a construction engineering company needs to purchase 1,000 sheets of steel. which option is the most cost…

a construction engineering company needs to purchase 1,000 sheets of steel. which option is the most cost - effective way to purchase them?\n100 sheets at a time for $500\n200 sheets at a time for $1,000\n500 sheets at a time for $1,500\n1,000 sheets at a time for $3,500

a construction engineering company needs to purchase 1,000 sheets of steel. which option is the most cost - effective way to purchase them?\n100 sheets at a time for $500\n200 sheets at a time for $1,000\n500 sheets at a time for $1,500\n1,000 sheets at a time for $3,500

Answer

Explanation:

Step1: Calculate cost per sheet for each option

For the first option: Cost per sheet = $\frac{500}{100}= 5$ dollars per sheet

Step2: Calculate cost per sheet for the second option

Cost per sheet = $\frac{1000}{200}= 5$ dollars per sheet

Step3: Calculate cost per sheet for the third option

Cost per sheet = $\frac{1500}{500}= 3$ dollars per sheet

Step4: Calculate cost per sheet for the fourth option

Cost per sheet = $\frac{3500}{1000}= 3.5$ dollars per sheet

Answer:

500 sheets at a time for $1,500 (third option)