QuestionEstimate the total cost for 53 microphones at \$547 each using rounded numbers.

Studdy Solution

STEP 1

Assumptions1. The cost of each microphone is $547. A total of53 microphones are to be purchased

STEP 2

To make the calculation easier, we can round the cost of each microphone to the nearest hundred. $Rounded\, cost = \$600$

STEP 3

Now, we can estimate the total purchase price by multiplying the rounded cost of each microphone by the total number of microphones.
$Estimated\, total\, purchase\, price = Rounded\, cost \\times Number\, of\, microphones$

STEP 4

Plug in the values for the rounded cost and the number of microphones to calculate the estimated total purchase price.
$Estimated\, total\, purchase\, price = \$600 \\times53$

STEP 5

Calculate the estimated total purchase price.
$Estimated\, total\, purchase\, price = \$600 \\times53 = \$31,800$ The estimated total purchase price is $31,800.

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