A box full of geodes was put up for sale at an auction. A geode is a spherical rock that contains crystals. They look really cool when broken open. However you never know what you are going to find when you break one open. Gavin decided to bid on them. He checked them out beforehand and counted sixteen geodes in the box. He decided he was willing to pay up to $2.87 a piece for them. What should his maximum bid be?
To find Gavin's maximum bid, we need to multiply the number of geodes (16) by the maximum price he is willing to pay per geode ($2.87). This will give us the total amount he is willing to pay for all the geodes.
Maximum bid = Number of geodes x Maximum price per geode
Maximum bid = 16 x $2.87
Maximum bid = $45.92
Therefore, Gavin's maximum bid should be $45.92.
To determine Gavin's maximum bid, you need to calculate the total amount he is willing to pay for all sixteen geodes at a maximum price of $2.87 per piece. Here's how you can calculate it step-by-step:
Step 1: Determine the total amount Gavin is willing to pay per geode:
Maximum price per geode = $2.87
Step 2: Calculate the total amount Gavin is willing to pay for all 16 geodes:
Total amount = Maximum price per geode × Number of geodes
Total amount = $2.87 × 16
Step 3: Calculate the total amount Gavin is willing to pay:
Total amount = $45.92
Therefore, Gavin's maximum bid should be $45.92.