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Business World - Paper Pricing Notation










































when you are buying something and you get a quote 2000 sheets of paper cost st 8.89/m what dose that mean

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Feb 20, 2012
Paper Pricing Notation
by: Staff


Question:

when you are buying something and you get a quote 2000 sheets of paper cost st 8.89/m what dose that mean


Answer:

$8.89/m means the cost of the paper is $8.89 for every thousand sheets you purchase.

Since you intend to purchase 2000 sheets, the total cost of your purchase is:

(2000 sheets) * ($8.89/1000 sheets)

= ($8.89) * (2000 sheets /1000 sheets)

= ($8.89) * (2000 / 1000) * (sheets / sheets)


Note that the unit “sheets” in the numerator and “sheets” in the denominator cancel one another, just the same way two equal numbers will cancel one another.


= ($8.89) * (2) * (1)

Total cost for 2,000 sheets = $17.78


The reason the quote you were given is expressed as $8.89/m ($8.89 per thousand sheets) is to allow you to compare prices easily.

Different paper manufacturers may put a different number of sheets in a package/box. Quoting you a price per box would make it hard to compare prices.

I can think of the large chains in my area that are constantly lowering the cost of a box of paper so it appears to be a bargain purchase.

However, when you convert the price per box to the price per thousand sheets, it is obvious the price is actually going up.



Thanks for writing.

Staff
www.solving-math-problems.com


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