The premium for 3-5 day shipping is 20%. What is the cost to ship 2,000 lbs of goods from Chicago to Atlanta (700 miles) using 3-5 day shipping?

[tex]\[
\begin{array}{|c|c|c|c|c|c|}
\hline
\text{Distance (miles)} & 0-200 & 201-400 & 401-600 & 601-800 & 801-1000 \\
\hline
\text{Price per 100 lbs} & \$100 & \$120 & \$240 & \$400 & \\
\hline
\end{array}
\][/tex]



Answer :

To determine the cost to ship 2,000 lbs of goods from Chicago to Atlanta (which is 700 miles) using the 3-5 day shipping option, we need to follow several steps based on the provided rates and premium percentage. Here is the step-by-step solution:

1. Determine the base cost per 100 lbs for the given distance (700 miles):
- According to the rate table, for distances between 601 and 800 miles, the base cost is \[tex]$400 per 100 lbs. 2. Calculate the base cost of shipping 2,000 lbs: - First, convert the total weight from lbs to units of 100 lbs: \[ \text{Weight (in units of 100 lbs)} = \frac{2000 \text{ lbs}}{100} = 20 \text{ units of 100 lbs} \] - Then multiply the number of units by the base cost per 100 lbs: \[ \text{Base total cost} = 20 \times 400 = 8000 \text{ dollars} \] 3. Calculate the premium cost for 3-5 day shipping, which is 20%: - Find 20% of the base total cost: \[ \text{Premium cost} = 8000 \times \frac{20}{100} = 1600 \text{ dollars} \] 4. Calculate the total cost: - Add the base total cost and the premium cost: \[ \text{Total cost} = 8000 + 1600 = 9600 \text{ dollars} \] Thus, the cost to ship 2,000 lbs of goods from Chicago to Atlanta (700 miles) using 3-5 day shipping is \$[/tex]9,600.