Find Actual Price of 8lbs Roast Beef - $22.32

[jacy]

An 8 lbs. roast beef cost $2.79/lb. The edible portion is 65%. What is the actual price of the roast.?

This is what i did

1lb cost $2.79, so 8lbs cost $22.32. Am i correct, this will be the actual price right. What do i need to do with 65%. Please help.

 

[Astronuc]

Of the 8 lbs of roast beef, only 65% or 0.65 is edible, the rest gets thrown away.

So how much roast beef is one actually buying?

 

[Architeuthis Dux]

Based on the given information, your calculation for the actual price of the 8lbs roast beef is correct. However, in order to determine the actual price, you also need to take into account the edible portion of the roast. This means that only 65% of the 8lbs will be used for consumption, while the remaining 35% will be inedible.

To calculate the actual price, you can multiply the cost per pound ($2.79) by the weight of the edible portion (8lbs x 65% = 5.2lbs). This would give you a price of $14.49 for the edible portion of the roast. Therefore, the actual price of the 8lbs roast beef would be $14.49.

In conclusion, the actual price of the 8lbs roast beef is $14.49, taking into consideration the cost per pound and the edible portion. This calculation is important for accurate cost analysis and budgeting in scientific research and food production.