Without Actually Solving the Problem, Choose the Correct Solution by Deciding

question 116

Multiple Choice

Without actually solving the problem, choose the correct solution by deciding which choice satisfies the given conditions.
-At the local convenience store, 7 bags of chips and 3 containers of dip cost $\$ 33$ . However, 3 bags of chips and 4 containers of dip cost $\$ 25$ . What is the cost of one bag of chips and one container of dip?

• A) chips \(= \$ 4 ; \operatorname { dip } = \$ 3\)
• B) chips \(= \$ 3.50 ;\) dip \(= \$ 3.50\)
• C) chips \(= \$ 3 ; \operatorname { dip } = \$ 4\)
• D) chips \(= \$ 5 ; \mathrm { dip } = \$ 5\)

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Definitions:

Net Present Value

A method of evaluating an investment's profitability by computing the difference between the present value of cash inflows and outflows over a period of time.

Proposed Investment

A potential allocation of funds or resources towards a new project, asset, or venture being considered.

Project

A temporary endeavor undertaken to create a unique product, service, or result, characterized by specific objectives and resources.

Pretax Return

The profit a company generates before any taxes are deducted, often used to analyze the profitability of core business activities.