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What are the new prices of Quaker Oatmeal?
Sam's sells each can as 1 big box with 2 bags holding 5 lbs each (or 80 ounces per bag), we had to multiply our 32 purchased cans times 2 bags to get 64 bags of Oatmeal. Next, we multiply 64 bags by 80 ounces to find a total of 5120 ounces of Oatmeal bought. Now to package this accordingly, we can make a package to fit 80 ounces a bag to create 64 bags and sell them individually. When we multiply our new unit price ($0.05 per ounce) times 80 ounces, we can price each bag at $4.00.