Round Answers to the Nearest Cent

question 38

Short Answer

Round answers to the nearest cent. An 20-pound (A.P.) rib of beef costs $2.98 per pound. Two pounds are lost through trimming, and of the remaining weight is lost through shrinkage when it is roasted. How much does a 7-ounce serving cost? $_______________

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Definitions:

Gold Supply

The total amount of gold available in the market, including mined gold, recycled gold, and central bank gold reserves.

Gold Standard

A monetary system where a country's currency has a value directly linked to gold, allowing it to be freely converted into fixed amounts of gold.

International Currency

A currency that is used for international trade and investment, accepted across national borders.

U.S. Dollars

The official currency of the United States, widely used as a standard of exchange in international markets.