SOLUTION: For 2 consecutive years cheese prices rose by 10%. At the beginning of the first year 1 kg of cheese cost $5.00. At the end of the second year how many grams of cheese could be b

Question 629915: For 2 consecutive years cheese prices rose by 10%. At the beginning of the first year 1 kg of cheese cost $5.00. At the end of the second year how many grams of cheese could be bought for $10.00?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
At the end of the 1st year 1 kg of cheese
will cost or $5.50
--------
At the end of the 2nd year, 1 kg costs
, or $6.05
The price is dollars/gram
In units:
( grams ) = ( dollars ) / ( dollars / gram )
grams of cheese
can be bought for $10
------------------
The answer looks close because if the price hadn't
gone up, you could get 2000 grams for $10
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