A steel bolt is to be produced with the following dimensions.
Questions:
a) How many inches of material will be needed to produce 24 dozen bolts? (Hint: 1 dozen = 12 pieces)
b) How many feet of material will be required? (Hint: 1 foot = 12 inches)
c) If steel costs $1.45 a foot, what will the total cost be to produce the necessary number of bolts? Assume that steel is sold only by the foot (meaning you can’t buy part of a foot).
Solution:
Solution:
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