The Manufacturer of Caramalt Chocolate Bars Wants to Implement a 7.5

question 428

Short Answer

The manufacturer of Caramalt chocolate bars wants to implement a 7.5% increase in the unit retail price along with a reduction in the bar size from 100 g to 80 g. If the current retail price of a 100-g bar is $1.15, what should be the price of an 80-g bar?

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Definitions:

Binocular

Pertaining to or involving both eyes, especially in providing stereoscopic vision or depth perception.

Revision

The process of modifying, editing, or reorganizing written or verbal material to make it more accurate, comprehensible, or appropriate.

Muller-Lyer

An optical illusion involving two lines of equal length, each with opposite shaped ends, causing one to appear longer than the other.

Ponzo Illusion

A visual illusion where two horizontal lines of identical length appear to be of different lengths due to their contextual positioning within converging parallel lines.