1. Save a cash register receipt from a shopping trip to the food market, or borrow one from a family member or friend. The cost of four prepackaged food items that are sold by weight and the cost of at least three fresh fruits, or vegetables need to appear on the receipt. If you have no access to a receipt with these items, then you will need to go to the store and write down the cost information, or find a grocery advertisement online. Do not use liquids such as milk, juice, or soda because these are sold by volume and not by weight. Also, do not include ingredients like flour, sugar, oil, dry beans, etc. because these items are not prepackaged foods.
2. Fruits and vegetables are sold by the pound. Add up your prices per pound for the fruits and vegetables and find the average cost per pound. (Example: If bananas are .79 per pound and apples are .59 per pound, the average is calculated like this: (.79 + .59)/2 = 1.38/2 = .69 per pound on average for the two fruits.)
3. Locate the weight of your prepackaged food items. (For example, on a box of Frosted Flakes it says 15 oz.)
4. Add up all of the weights for your prepackaged items in ounces, and then add up all of the costs for your four prepackaged items.
5. From the totals, find the average cost per ounce of prepackaged items. Convert your results to cost per pound. (Hint: How many ounces in a pound?)
6. Now, compare the cost per pound of unprocessed food compared to prepackaged processed food. Discuss your comparison. Are you amazed or did you expect these results?
7. Respond to at least two of your classmates’ postings. Do the calculations seem reasonable? Based on the posting you authored and the postings you read, do we seem to be paying for the product, convenience or the packaging?
We do not have access to your receipt.
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To complete the task and answer the questions, follow these steps:
1. Obtain a cash register receipt from a shopping trip that includes the cost of four prepackaged food items sold by weight and the cost of at least three fresh fruits or vegetables. If you don't have access to such a receipt, you can either borrow one from a family member or friend or go to the store and write down the cost information yourself. Another option is to find a grocery advertisement online that displays the prices of the required items. Remember not to include liquids (sold by volume), or ingredients like flour, sugar, oil, dry beans, etc. (not prepackaged foods).
2. Calculate the average cost per pound for the fruits and vegetables by adding up their prices per pound and dividing the sum by the number of items. For example, if bananas are $0.79 per pound and apples are $0.59 per pound, the calculation would be: ($0.79 + $0.59) / 2 = $1.38 / 2 = $0.69 per pound on average for the two fruits.
3. Locate the weight information of your prepackaged food items. Look for the weight stated on the packaging. For instance, a box of Frosted Flakes might have the weight listed as 15 oz.
4. Add up the weights of all your prepackaged items in ounces, and also add up the costs for these items.
5. Calculate the average cost per ounce of the prepackaged items by dividing the total cost by the total weight in ounces. Remember to convert the result to cost per pound. Since there are 16 ounces in a pound, divide the average cost per ounce by 16 to get the cost per pound.
6. Compare the cost per pound of unprocessed food (fruits and vegetables) with that of prepackaged processed food. Consider the difference in costs and discuss your observations. Are you amazed by the results or did you expect them?
7. Respond to at least two of your classmates' postings, addressing whether their calculations seem reasonable. Based on your own posting and the postings you read, discuss whether it appears that we are paying for the product, convenience, or the packaging when it comes to food costs.
By following these steps, you should be able to complete the assignment and answer the questions effectively.