Unit Price Calculation: Avoiding Costly Mistakes

What is the correct unit price of the padded work gloves?

A contractor purchases 6 dozen pairs of padded work gloves for $82.80. He incorrectly calculates the unit price as $13.80 per pair for the expense report. What is the correct unit price?

Correct Unit Price:

The correct unit price of the gloves is $1.15 per pair.

Error in Calculation:

The error in the contractor's calculation is $12.65 per pair.

When it comes to calculating the unit price of items purchased, accuracy is key to avoid costly mistakes. In this scenario, the contractor purchased 6 dozen pairs of padded work gloves for a total of $82.80. To determine the correct unit price per pair, we need to divide the total cost by the total quantity of pairs purchased.

Since one dozen is equal to 12 pairs, the total quantity of padded gloves purchased is 6 dozens x 12 pairs = 72 pairs. Therefore, the correct unit price calculation would be as follows:

Total cost / Total quantity = Unit price per pair

$82.80 / 72 = $1.15 per pair

Unfortunately, the contractor mistakenly calculated the unit price as $13.80 per pair, resulting in an error of $12.65 per pair. It's crucial to double-check calculations when preparing expense reports to ensure accuracy and avoid discrepancies in financial records.