Solve the Problem. -A Customer at a Store Bought 8 Bottles of Juice

question 55

Multiple Choice

Solve the problem.
-A customer at a store bought 8 bottles of juice and 4 fruit pies for a total cost of $60.00. If a bottle of juice costs $3.25, find the cost of a fruit pie.

• A) $7.50
• B) $9.25
• C) $8.50
• D) $8.00

---

Definitions:

Price Sensitive

The degree to which the demand for a product changes in response to changes in its price.

Differential Pricing

A pricing strategy in which a company sets different prices for the same product or service based on certain criteria such as customer segment, quantity purchased, or location.

Wasted Capacity

Resources or production capabilities that are underutilized or not used to their full potential, leading to inefficiencies.

Overbooking

A strategy used in various industries where more reservations or orders are accepted than can be accommodated, based on expected cancellations or no-shows.