Purchasing case saves $0.04 per pencil.
Step-by-step explanation:
Price of individual pencil = $0.97
Price of case = $37.20
Quantity of pencils in case = 40
Cost of one pencil from case= Price of case ÷ Quantity of pencils
[tex]cost\ of\ one\ pencil=\frac{37.20}{40}\\cost\ of\ one\ pencil=\$0.93[/tex]
Amount saved = Price of individual pencil - Cost of 1 pencil from case
[tex]Amount\ saved=0.97-0.93\\Amount\ saved=\$0.04[/tex]
Purchasing case saves $0.04 per pencil.
Keywords: Division, Subtraction
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