Which statement about cost per wear is true?

Enhance your understanding of adult roles and responsibilities. Utilize flashcards and multiple-choice questions with explanations and hints. Prepare effectively for your exam and achieve success!

Multiple Choice

Which statement about cost per wear is true?

Explanation:
Cost per wear shows how much each use of an item costs you in the long run. You find it by dividing what you paid for the item by the number of times you actually wear it. For example, if you spend $120 on a jacket and wear it 30 times, the cost per wear is $4. The more you wear it, the lower the cost per wear, reflecting better value over time. This concept isn’t about the wear causing the cost to rise. If you wear it more, you spread the initial price over more uses, so the cost per wear decreases. Dividing the number of wears by the purchase price would give a value that doesn’t represent the cost per use. And the cost per wear isn’t always the original price; it only equals the original price if you’ve worn it exactly once.

Cost per wear shows how much each use of an item costs you in the long run. You find it by dividing what you paid for the item by the number of times you actually wear it. For example, if you spend $120 on a jacket and wear it 30 times, the cost per wear is $4. The more you wear it, the lower the cost per wear, reflecting better value over time.

This concept isn’t about the wear causing the cost to rise. If you wear it more, you spread the initial price over more uses, so the cost per wear decreases. Dividing the number of wears by the purchase price would give a value that doesn’t represent the cost per use. And the cost per wear isn’t always the original price; it only equals the original price if you’ve worn it exactly once.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy